Question: Identify the tax issue or issues suggested by the following

Identify the tax issue or issues suggested by the following situations and state each issue in the form of a question.
WRT owns a chain of retail bookstores. It recently decided to add coffee bars in each store to sell gourmet coffee drinks and pastries to the bookstore customers. WRT has not yet obtained the necessary licenses required under local law to serve food to the public. However, it has incurred almost $30,000 in up-front expenditures on the coffee bars.

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  • CreatedNovember 03, 2015
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