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Simple English definitions for legal terms

public-policy limitation

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A quick definition of public-policy limitation:

Public-policy limitation: A rule that says you can't get a tax deduction for expenses related to something that goes against what's good for everyone. This rule is based on the idea that the government shouldn't help people who are doing things that are harmful or illegal. For example, if you try to deduct the cost of bribing someone, the government won't let you because that's not something that's good for society.

A more thorough explanation:

Definition: Public-policy limitation is a principle developed by the courts that prevents a person from deducting expenses related to an activity that goes against the public welfare. This principle is reflected in the Internal Revenue Code's specific disallowance provisions, such as for kickbacks and bribes.

Example: Let's say a company tries to deduct expenses related to bribing a government official to secure a contract. This deduction would be disallowed under the public-policy limitation principle because it goes against the public welfare and is illegal.

Explanation: The example illustrates how the public-policy limitation principle prevents individuals or companies from deducting expenses related to illegal or unethical activities. In this case, bribing a government official is not only illegal but also goes against the public welfare by undermining the integrity of the government's procurement process. Therefore, the deduction is disallowed to discourage such behavior and promote ethical business practices.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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