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Purpose: Research and communicating information are important skills to have in tax. The research assignments are to provide students with an opportunity to enhance their
Purpose: Research and communicating information are important skills to have in tax. The research assignments are to provide students with an opportunity to enhance their research skills, increase their knowledge, apply what it is learned, and communicate that information thoughtfully, concisely, and professionally. This problem ask students to research different advice and guidance available on the internet to business owners. The problem is based on Research Problem 6 in Chapter 6. Instructions: - A qualified expense is not deductible unless there is appropriate substantiation to document it. Find two websites and/or articles that provide (1) guidance on the types of substantiation required for business expenses and (2) suggestions for taxpayers on how to collect this information and organize it. - Be sure to include links to where you found the information. Purpose: Research and communicating information are important skills to have in tax. The research assignments are to provide students with an opportunity to enhance their research skills, increase their knowledge, apply what it is learned, and communicate that information thoughtfully, concisely, and professionally. This problem ask students to research different advice and guidance available on the internet to business owners. The problem is based on Research Problem 6 in Chapter 6. Instructions: - A qualified expense is not deductible unless there is appropriate substantiation to document it. Find two websites and/or articles that provide (1) guidance on the types of substantiation required for business expenses and (2) suggestions for taxpayers on how to collect this information and organize it. - Be sure to include links to where you found the information
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