In order for a business expense to be deductible it must be ordinary, necessary, and reasonable. Explain
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In order for a business expense to be deductible it must be ordinary, necessary, and reasonable. Explain what these terms mean.
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An ordinary expense is an expense that bears a reasonable and pro...View the full answer
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Related Book For
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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