Sentence examples for takes a deduction from inspiring English sources

When executives exercise stock options the company takes a deduction on its corporate income tax return equal to the profit realized by the executive, even though it is not required to show an expense on its profit-and-loss statement to shareholders.

Werness will be a sitting duck in an audit if he takes a deduction for the full value of the house; the law dictates that he must reduce the deduction by the value of the annuity.

He was entitled to take a deduction for that.

The I.R.S. requirement exists to prevent individuals from taking a deduction for portions of gifts made by corporations or vendors, which are already taking a deduction for themselves.

In their 2010 tax returns, neither took a deduction for mortgage interest.

The client would take a deduction for donating money to the organization.

Right now you can actually take a deduction for moving a plant overseas.

And they can take a deduction for their contributions on Line 28 of the 1040.

Can I still take a deduction on my income tax return?

If you take a deduction for mortgage interest expense, consider the rate on your mortgage, he said.

If you are a victim of a Ponzi scheme, it's clear that you can take a deduction for theft.