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Business Expenses Explain the type of documentation needed to support your clients claim expensing travel expense as business expense. Provide a circumstance where such claim

"Business Expenses"

  • Explain the type of documentation needed to support your clients claim expensing travel expense as business expense. Provide a circumstance where such claim could trigger an IRS audit. Make sure you support your argument with clear tax rules and regulations.
  • Your client is claiming the concert tickets he purchased as a business expense. Use your understanding of the tax laws to explain a situation where your client can claim the expense deduction as a business expense and another example where your client cannot.

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