Question: Discussion 3 : Are the rules for deductions too complicated? In this module, we have seen examples of business expenses deductible in a different period
Discussion : Are the rules for deductions too complicated?
In this module, we have seen examples of business expenses deductible in a different period than for accounting purposes. Many times, the difference is only one year. Does this make the tax code too complicated, or are there cases where the difference is appropriate? Consider an example we discussed where there is a timing difference. How might we change these rules?
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