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Travel and entertainment expenses are disallowed if the taxpayer does not maintain adequate records or documentary proof of the expenditures. 66 Normally, documenta-tion includes expense
Travel and entertainment expenses are disallowed if the taxpayer does not maintain adequate records or documentary proof of the expenditures. 66 Normally, documenta-tion includes expense statements (diary or account book) and proof of the amount, time, place, and business purpose. Strict substantiation rules are enacted in the law to curb widespread abuses in the so-called expense account living practices engaged in by some taxpayers
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