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Business expense substantiationQuestion How do you substantiate a business expense for tax purposes?
Answer The exact substantiation requirements for business expense deductions will vary based on the type of expense. However, the general rule is that you must be able to show the connection of the expenditure to the operation and execution of your business.
Search again for travel and entertainment expense deductions. 
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes
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