How companies can deduct compensatory payments from their taxes

07/20/2010 | CFO.com

Fresenius Medical Care Holdings tried to deduct $385 million from its taxes -- the amount of a civil settlement under a global agreement with the U.S. government -- but the Internal Revenue Service denied the full deduction. "The case provides valuable insights for similarly situated taxpayers seeking to claim a tax deduction for payments made to a government in connection with the violation of any law," writes this tax columnist.

View Full Article in:

CFO.com

Published in Brief: