your client Sam is a small business taxpayer. He is under the impression that every dollar he spends currently related to his business income. How would you explain the tax law related to deductibility of expense to Sam. Why are some expenses not deductible? Provide an example of an expense to support your answer. Please provide your references.
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your client Sam is a small business taxpayer. He is under the impression that every dollar he spends currently related to his business income.
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