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Topic 12 - Tax Deduction for Travel and Entertainment Expenses
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In this tax topic you will learn what expenses are deductible for your job and business-related expenses. You may be able to deduct the the ordinary and necessary business-related expenses you have for travel, entertainment, gifts, or expenses for transportation. An expense does not have to be required to be considered necessary. This topic will cover what expenses are deductible and how to report them on a tax return. In addition you will become aware of which records you need to prove your deduction and what to do with reimbursements.
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