Question: 1. What deduction does Section 162(a)(2) specifically authorize? What Code provision in another section disallows some of those deductions? Explain. 2. What is the penalty

1. What deduction does Section 162(a)(2) specifically authorize? What Code provision in another section disallows some of those deductions? Explain. 2. What is the penalty provided under Code Section 6662(b)(2)? Where in that Code section is that penalty defined? Explain the definition in your own words.

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