A business generally adopts a fiscal or calendar year by using that year-end on the first tax return for the business.
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Q1: The deduction for business interest expense is
Q2: A loss deduction from a casualty of
Q4: A short tax year can end on
Q5: Ralph borrowed $4 million and used the
Q6: Reasonable in amount means that expenditures can
Q7: Taxpayers must maintain written contemporaneous records of
Q8: The deduction for business interest expense is
Q9: The test for whether an expenditure is
Q10: A business can deduct the cost of
Q11: A fiscal tax year can end on
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