Business expense deductions
are among the IRS' Top 10 most litigated issues.
and necessary' business expense deductions
are allowable" when
Xilinx's business expense deductions
for tax years 1997 through 1999 included a total of $177 million in costs of employee exercises of options.
Luckily for Cohan, his case predated those rules, and the Second Circuit held that he should be permitted to use estimates to establish his entitlement to business expense deductions
In other words, the most advantageous company car plan will be one which minimizes or eliminates the need for the employee to claim any business expense deductions
Entertainment Facilities--Internal Revenue Code denies trade or business expense deductions
for items or facilities used in connection with entertainment--except for firms in the business of entertainment.
7) Tax Administration: Recurring Issues in Tax Disputes Over Business Expense Deductions
, United States General Accounting Office (GAO/GGD-95-232, Sept.
When the case was first considered by the Tax Court, the court held that M&H was not entitled to business expense deductions
for those portions of premium paid to Northwestern and then ceded to Eastland.
274 was enacted to curb abuses of business expense deductions
for travel, entertainment and gifts.
On her tax return, the taxpayer claimed a home office deduction for the room in her home and business expense deductions
for a computer and printer she used at home for work.