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Your client wants to include travel and entertainment expenses in their tax deductions. Explain the type of documentation needed to support your client's claim for
Your client wants to include travel and entertainment expenses in their tax deductions.
- Explain the type of documentation needed to support your client's claim for including travel expense as business expense.
- Provide a circumstance where such a claim could trigger an IRS audit. Make sure you support your argument with clear tax rules and regulations.
- Your client is claiming the concert tickets he purchased as a business expense.
- Use your understanding of the tax laws to explain a situation where your client can claim the expense deduction as a business expense and another example where your client cannot
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