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Are exam fees deducted from taxable income?

April 26, 2017deducted exam fees income taxable

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Are exam fees deducted from taxable income?

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Examination fees paid to the Office of the State Bank Commissioner pursuant to § 127(a) of Title 5 of the Delaware Code are deducted from net operating income before taxes. Supervisory assessments paid in accordance with § 127(b) of Title 5 of the Delaware Code are not deductible.