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Manny hired his brother's firm to provide accounting services to his business. During the current year, Manny paid his brother's firm $105,000 for services even
Manny hired his brother's firm to provide accounting services to his business. During the current year, Manny paid his brother's firm $105,000 for services even though other firms were willing to provide the same services for $86,000. How much of this expenditure, if any, is deductible as an ordinary and necessary business expenditure?
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