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Federal Income Tax I What is the purpose of enacting QBI concept? Do you believe it has relevance to equity in taxes? Identify the requirements

Federal Income Tax I

  1. What is the purpose of enacting QBI concept? Do you believe it has relevance to equity in taxes?
  2. Identify the requirements that must be met in order to aggregate businesses for the purpose of QBI deductions.
  3. If a taxpayer who is self-employed failed to claim certain business meal expenses, would the correction of this omission affect the amount of medical expenses the taxpayer deducts?

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