Business owners, especially owners of small or closely held businesses, often make expenditures that are...
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Accounting
Business owners, especially owners of small or closely held businesses, often make expenditures that are motivated by both business and personal activities. These mixed-motive expenditures are of concern to the IRS.
Explain why the IRS is concerned about these types of expenditures. Identify the common types of these expenditures and the restrictions placed on these expenditures, including, how do the rules for international travel differ from domestic travel?
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