Question
1.Discuss the definition of trade or business . Why does it matter whether a taxpayer is classified as an employee or as self-employed? 2. Discuss
1.Discuss the definition of trade or business. Why does it matter whether a taxpayer is classified as an employee or as self-employed?
2. Discuss the concepts of ordinary, necessary, and reasonable in relation to trade or business expenses.
9.Discuss the concept of electing 179 expense. Does the election allow a larger expense deduction in the year of asset acquisition?
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
7th Edition
978-0136111474, 0136111475
