"Business Deductions" Please respond to the following:

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Unecre09

Business Finance

Description

An owner of an automobile body shop comes into your office for tax advice. He has been thinking about updating his antiquated computer system so he purchased a consumer handbook then he flew to San Francisco to visit the Apple Store to shop for computers for his personal and business use. He wants to deduct the trip, his food, the book, and the computer he purchased in San Francisco.
How would you advise him regarding the deductions and expenses he may be able to claim? Make a recommendation regarding how these expenses should be treated to maximize his deductions. Be specific with your recommendation.

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Explanation & Answer

hello, kindly find the attached completed work. Thank You.

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Business Deductions
The owner of the automobile body shop is in a position to deduct some of the expenses
he has incurred. However, there are several questions he to give answers concerning the
expenses including, how long the trip was. Again, because he mentioned that the trip was
planned for shopping for personal and business items, he should explain how long it would take
to get his business shopping done. Again, the shop should tell why they had to go shopping in
San Francisco and whether or not there is any ot...


Anonymous
Awesome! Perfect study aid.

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