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Simple English definitions for legal terms

public-policy limitation

Read a random definition: de son tort

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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