If you're able to cite where in the tax code you're drawing from to form this viewpoint I would be more than willing to listen! Especially given that 100% of the sources I found directly contradict this:
https://www.bench.co/blog/tax-tips/small-business-tax-deductions#:~:text=If%20your%20bank%20or%20cre...
"If your bank or credit card company charges annual or monthly service charges, transfer fees, or overdraft fees, these are deductible."
https://www.sofi.com/learn/content/are-overdraft-fees-tax-deductible/
"These people can only write off overdraft fees that occur during the normal course of business operations."
https://www.revenued.com/articles/business-banking/overdraft-fees-for-business-accounts/
"Overdraft fees generally fall under “banking fees,” which are usually reported as a separate line item under “Other Expenses.”"
https://falconexpenses.com/blog/bank-fees-tax-deduction/
"The answer to this question is, yes.
Yes, you can deduct the overdraft fee from your business taxes."
https://flyfin.tax/blog/can-you-deduct-bank-fees-as-an-independent-contractor
"However, this fee is tax deductible as the overdraft was directly related to your business."
https://www.taxaudit.com/tax-audit-blog/can-i-deduct-bank-fees
"You may be surprised at the end of the year when you put together all the maintenance, check, ATM, foreign exchange, overdraft, returned check, late payment, and other fees related to your business accounts – sometimes, it can add up to a lot of clams!"
https://www.hurdlr.com/deductions/tax-deductible-bank-fees
"The fees your bank may charge including but not limited to wire transfer fees, check fees, overdraft fees, and service charges can add up. Since these costs are a normal part of doing business generally these fees will be deductible when you prepare your business tax return at the end of the year."
Again, I will reinforce to anyone who finds this thread in the future: overdraft fees on a business account are 100% deductible. Please be careful of who you are taking advice from on here.
