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write a business letter 2. Your supervisor has asked you to research a potential tax deduction for a client, Randall Stevens. Randall is a bank
write a business letter
2. Your supervisor has asked you to research a potential tax deduction for a client, Randall Stevens. Randall is a bank loan officer that lives in Portland, Maine. His specialty is marine loans; in particular, loans for the renovation of classic boats. Over the years, Randall has developed a very unique expertise in valuation of classic boats and is considered a global expert in the field. In 2019, Randall is hoping to attend the North American Classic Marine Boat Show that takes place in Zihuatanejo, Mexico. Randall attends the show more or less every year in order to stay current on classic boat valuations. Interested parties from around the world attend the show in the quaint Mexican coastal town. Randall's costs to attend are $800 for show registra- tion, $1,750 for airfare from Portland to Zihuatanejo, $2,400 for lodging. Meals are estimated at $600. Please prepare a letter for Randall that describes the issues he will face when attempting to deduct the cost of attending the show. Use IRS Publication 463 (available at www.irs.gov) to assist you Step by Step Solution
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