Mr. Rouses tax situation for the year is very complicated. He engaged in several multi-million dollar investment
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Mr. Rouse’s tax situation for the year is very complicated. He engaged in several multi-million dollar investment transactions involving unresolved tax issues. He has instructed his accountant to take the most aggressive position possible with respect to these transactions. Mr. Rouse also wants to take a business travel deduction for a trip on which his wife and two daughters accompanied him. The deduction would be only $7,293. Can you suggest any strategic reason why he should forgo the business travel deduction?
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Related Book For
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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