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Author Question: Paul, a business consultant, regularly takes clients and potential clients out to dinner. In order ... (Read 21 times)

Chelseaamend

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Question 1

What must a taxpayer do to properly document a deductible travel or entertainment expense?

Question 2

Paul, a business consultant, regularly takes clients and potential clients out to dinner.  In order to deduct these expenses, Paul must  maintain records substantiating all of the following except:
◦ the time and place of the dinners.
◦ the business relationship with the person invited.
◦ the business purpose of the dinners.
◦ All of these information must be substantiated in order to deduct the entertainment costs.


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Marked as best answer by Chelseaamend on Sep 13, 2020

CourtneyCNorton

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Chelseaamend

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


bdobbins

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Reply 3 on: Yesterday
Wow, this really help

 

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