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In addition to the liability existing in an estimable amount, an accrual-based taxpayer cannot deduct an expense without this also occurring: a. An invoice has
In addition to the liability existing in an estimable amount, an accrual-based taxpayer cannot deduct an expense without this also occurring: a. An invoice has been received for the expense. b. Economic performance has occurred. c. The expense is paid. d. The expense has been paid in cash
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