Ask Joey ™ a Question


You might also be interested in...

  • Are charitable donations tax deductible for C Corporations?

    Yes, but with certain limitations. C Corporations can deduct contributions to qualified charitable organizations, but the deduction is limited to 10% of the corporation’s taxable income.

  • Are penalties or illegal activity fines tax deductible for a C corporation

    No, penalties and illegal activities will not be deductible for C Corps.

  • Are political and lobbying expenses tax deductible for a C corporation?

    No. Payment submitted to a political party, or those made for lobbying support, will not be deductible for C Corps.