ELR Citation: ELR 21450
No(s). 89-1165 (Fed. Cir. Jul 24, 1989)

The court rules that civil penalties assessed under the Federal Water Pollution Control Act (FWPCA) and Clean Air Act are not deductible as ordinary business expenses under the Internal Revenue Code. Internal Revenue Code §162(f) precludes the deduction of "any fine or similar penalty paid to a gov...