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Under current law, tax planning and compliance expenses incurred by individuals are: Question 3 options: 1) Deductible if properly incurred as a business expense on
Under current law, tax planning and compliance expenses incurred by individuals are:
Question 3 options:
1)
Deductible if properly incurred as a business expense on Schedule C.
2)
Deductible on Schedule A as part of the "miscellaneous itemized deductions in excess of 2%-of-AGI" category.
3)
Limited to the income tax area
4)
All of the above.
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