Sentences with phrase «nondeductible payments»

For that reason, the IRS (Internal Revenue Service) considers homeowners insurance premiums nondeductible payments, much like the cost of utilities or wages paid to domestic help.

For that reason, the IRS (Internal Revenue Service) considers homeowners insurance premiums nondeductible payments, much like the cost of utilities or wages paid to domestic help.

Not exact matches

Unfortunately, payments of any fines or penalties to the government are nondeductible from taxable income even if it was connected to a business purpose.