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Manual article review is required for this article

This short article discusses the record of the deduction of small business meal bills and the new guidelines beneath the TCJA plus the restrictions and supplies a framework for documenting and substantiating the deduction.When improperly prepared, a Sec 351 transaction can reduce its tax-free status and be subjected towards the tax procedure of lia

Dealership financing is considerably related apart from that the car loan, and thus paperwork, is initiated and done with the dealership instead. Car loans by means of sellers are generally serviced by captive lenders that in many cases are related to Each individual motor vehicle make. The agreement is retained with the vendor but is frequently so