What is an ordinary and necessary business expenditure?

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What is an “ordinary and necessary” business expenditure?

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Taxation Of Individuals And Business Entities 2021

ISBN: 9781260247138

12th Edition

Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham

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Question Posted: Dec 28, 2020 03:08 AM

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What is an ordinary and necessary business expenditure?

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Ordinary and necessary imply that an expense must be customary and helpful respectively Because ...View the full answer

Taxation Of Individuals And Business Entities 2021

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