Whether a business expense is reasonable in amount is often a difficult question. Explain why determining reasonableness

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Whether a business expense is “reasonable in amount” is often a difficult question. Explain why determining reasonableness is difficult, and describe a circumstance where reasonableness is likely to be questioned by the IRS.

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Essentials Of Federal Taxation 2019

ISBN: 9781260190045

10th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 11, 2019 07:59 AM

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Whether a business expense is reasonable in amount is often a difficult question. Explain why determining reasonableness

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Reasonableness is an issue of fact and circumstance and extravagance ...View the full answer

Essentials Of Federal Taxation 2019

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