ETAX Corporation Income and Deductions R17-08B

Examples of nondeductible corporation expenses.

• Fines, penalties and punitive damages.
• Issuing, selling and printing stock.
• Interest expense on debt use to acquire nontaxable investments.
• Keyman premiums when the company is the beneficiary.
• Accrued charitable contributions paid after the 3 1/2 months (or 2 1/2 months) after year-end.