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If questioned by the IRS as to business gifts, the taxpayer must provide what substantiation? 1 7 a . The gift was purchased at the

If questioned by the IRS as to business gifts, the taxpayer must provide what substantiation?17
a. The gift was purchased at the lowest possible price.
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b. The business relationship with the recipient
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c. The amount of business the gift generated
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d. Nothing of value was received in return for the gift.
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