Disallowed Deductions | Illegal Business | Political Contribution | Income Tax Course | CPA Exam
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2018-12-13

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Payments considered to be in violation of public policy are not deductible. Certain types of expenses are disallowed by the tax law. Without these restrictions, taxpayers might attempt to deduct items that, in reality, are personal expenditures.

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