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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?
a The gift was purchased at the lowest possible price.
b The business relationship with the recipient
c The amount of business the gift generated
d Nothing of value was received in return for the gift.
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