Describe the rules for meals and entertainment expenses

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Reference no: EM133412665

What are Gross Receipts?
How do you calculate Cost of Goods Sold (use a FIFO or LIFO example)?
Give an example of how to calculate the Standard Mileage Method and the Actual Cost Method for business use of a car/truck.
Describe the rules for Meals and Entertainment Expenses.
Describe the rules for deducting Special Clothing and Uniforms.
What is a Business Bad Debt? Can a Cash Method Taxpayer claim same? Why or Why Not?
What is a Hobby Loss?
What is Self-Employment Tax?

Reference no: EM133412665

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