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Investigation expenses - PowerPoint PPT Presentation

Chapter 5

Chapter 5. Business Deductions. The Big Picture (slide 1 of 4). Sid Stevens operates his business as a C corporation with a December 31 year-end, uses the accrual method of accounting, and has $485,500 of gross income.

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Chapter 5

Chapter 5. Business Deductions. Trade or Business Deductions (slide 1 of 2). Section 162(a) permits a deduction for all ordinary and necessary expenses (pg. 5-2;ex 1) paid or incurred in carrying on a trade or business including: Reasonable salaries paid for services

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Investigation expenses - PowerPoint PPT Presentation

Chapter 5

Chapter 5