Louis incurs directly related entertainment expenses of $4,000, but he is reimbursed by his employer for only
Question:
a. How are these amounts reported on Louis’s tax return?
b. What are the tax consequences if Louis is unable to provide adequate documentation of the expenditures during the course of an IRS audit of his tax return?
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a These amounts are reported on Louiss return as follows since the reimb...View the full answer
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Related Book For 
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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