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03 Build Your Business with Entertainment and Deduct the Cost
Tax deductions for entertainment expenses have historically been greatly abused. This has caused the government to take a close look at tax deductions for entertainment expenses. This booklet describes the entertainment that can be deducted and how to avoiding abusing the deduction. The following categories of entertainment are discussed: home entertainment, local entertainment, travel entertainment, foreign travel entertainment, and entertainment facilities. Each discussion describes what you must do to pass any government scrutiny about your entertainment tax deductions. Finally, a section on proper record keeping is included. |
Note: All prices in US Dollars
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