The tax law does not allows deductions based on estimated expenses that result in an allowance or reserve for financial statement purposes.

Name: The tax law does not allows deductions based on estimated expenses that result in an allowance or reserve for financial statement purposes.
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Tax laws generally require that deductions be based on actual expenses incurred, not on estimated expenses or reserves, to ensure accuracy and prevent manipulation of taxable income.

The Tax Law Does Not Allows Deductions Based on Estimated