SlideShare a Scribd company logo
When preparing a return involving a deduction for travel and entertainment expenses, the return
preparer must make reasonable inquiries to determine that the taxpayer’s records are
adequate to substantiate the deduction.
a.True.
b. False.
Solution
True
The preparer should ask sufficient questions of clients claiming self-employment income to be
satisfied that the client is actually conducting a business, the client has records to support income
and expenses, or can reasonably reconstruct income and expenses records, and the client has
included all income and related expenses on Schedule C, Profit or Loss from Business
Taxpayers must have documentation of business purpose, as well as receipts to support expenses
claimedfor travel and entertainement expenses.

More Related Content

More from todd571

When an organization starts to plan for business continuity and disast.docx
When an organization starts to plan for business continuity and disast.docxWhen an organization starts to plan for business continuity and disast.docx
When an organization starts to plan for business continuity and disast.docx
todd571
 
When discussing the security of SSO systems- which of the following is (2).docx
When discussing the security of SSO systems- which of the following is (2).docxWhen discussing the security of SSO systems- which of the following is (2).docx
When discussing the security of SSO systems- which of the following is (2).docx
todd571
 
When discussing the security of SSO systems- which of the following is (1).docx
When discussing the security of SSO systems- which of the following is (1).docxWhen discussing the security of SSO systems- which of the following is (1).docx
When discussing the security of SSO systems- which of the following is (1).docx
todd571
 
When an electron emits light energy and drops from the fourth to the t.docx
When an electron emits light energy and drops from the fourth to the t.docxWhen an electron emits light energy and drops from the fourth to the t.docx
When an electron emits light energy and drops from the fourth to the t.docx
todd571
 
When a liquid is placed in a sealed container- A) a set vapor pressure.docx
When a liquid is placed in a sealed container- A) a set vapor pressure.docxWhen a liquid is placed in a sealed container- A) a set vapor pressure.docx
When a liquid is placed in a sealed container- A) a set vapor pressure.docx
todd571
 
When a hydrate compound is heated- does the water get broken down into.docx
When a hydrate compound is heated- does the water get broken down into.docxWhen a hydrate compound is heated- does the water get broken down into.docx
When a hydrate compound is heated- does the water get broken down into.docx
todd571
 
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docxWhat will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
todd571
 
Which of the following can be used to create a VPN (Virtual Private Ne.docx
Which of the following can be used to create a VPN (Virtual Private Ne.docxWhich of the following can be used to create a VPN (Virtual Private Ne.docx
Which of the following can be used to create a VPN (Virtual Private Ne.docx
todd571
 
Which of the following are sources of lags in monetary policy- I- Con.docx
Which of the following are sources of lags in monetary policy-  I- Con.docxWhich of the following are sources of lags in monetary policy-  I- Con.docx
Which of the following are sources of lags in monetary policy- I- Con.docx
todd571
 
Which of the following are significant shortcomings with voluntary CSR.docx
Which of the following are significant shortcomings with voluntary CSR.docxWhich of the following are significant shortcomings with voluntary CSR.docx
Which of the following are significant shortcomings with voluntary CSR.docx
todd571
 
What various activities can be performed using IIS Manager-SolutionIIS.docx
What various activities can be performed using IIS Manager-SolutionIIS.docxWhat various activities can be performed using IIS Manager-SolutionIIS.docx
What various activities can be performed using IIS Manager-SolutionIIS.docx
todd571
 
What type(s) of bonding would be expected for each of the following ma.docx
What type(s) of bonding would be expected for each of the following ma.docxWhat type(s) of bonding would be expected for each of the following ma.docx
What type(s) of bonding would be expected for each of the following ma.docx
todd571
 
Which of the following are features of Btrfs- relocating files and sub.docx
Which of the following are features of Btrfs- relocating files and sub.docxWhich of the following are features of Btrfs- relocating files and sub.docx
Which of the following are features of Btrfs- relocating files and sub.docx
todd571
 
Which of the following accounting principles requires businesses to re.docx
Which of the following accounting principles requires businesses to re.docxWhich of the following accounting principles requires businesses to re.docx
Which of the following accounting principles requires businesses to re.docx
todd571
 
Which method would answer this question- To investigate if the use of.docx
Which method would answer this question- To investigate if the use of.docxWhich method would answer this question- To investigate if the use of.docx
Which method would answer this question- To investigate if the use of.docx
todd571
 
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docxWhat type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
todd571
 
Which method of evaluating capital investment proposals uses the conce.docx
Which method of evaluating capital investment proposals uses the conce.docxWhich method of evaluating capital investment proposals uses the conce.docx
Which method of evaluating capital investment proposals uses the conce.docx
todd571
 
Which molecule(s) will experience the London force- Select all that ap.docx
Which molecule(s) will experience the London force- Select all that ap.docxWhich molecule(s) will experience the London force- Select all that ap.docx
Which molecule(s) will experience the London force- Select all that ap.docx
todd571
 
Which metal is the stronger reducing agent- copper or zinc- iron or co.docx
Which metal is the stronger reducing agent- copper or zinc- iron or co.docxWhich metal is the stronger reducing agent- copper or zinc- iron or co.docx
Which metal is the stronger reducing agent- copper or zinc- iron or co.docx
todd571
 
Which is not true of the Progressives- options- a)They consisted predo.docx
Which is not true of the Progressives- options- a)They consisted predo.docxWhich is not true of the Progressives- options- a)They consisted predo.docx
Which is not true of the Progressives- options- a)They consisted predo.docx
todd571
 

More from todd571 (20)

When an organization starts to plan for business continuity and disast.docx
When an organization starts to plan for business continuity and disast.docxWhen an organization starts to plan for business continuity and disast.docx
When an organization starts to plan for business continuity and disast.docx
 
When discussing the security of SSO systems- which of the following is (2).docx
When discussing the security of SSO systems- which of the following is (2).docxWhen discussing the security of SSO systems- which of the following is (2).docx
When discussing the security of SSO systems- which of the following is (2).docx
 
When discussing the security of SSO systems- which of the following is (1).docx
When discussing the security of SSO systems- which of the following is (1).docxWhen discussing the security of SSO systems- which of the following is (1).docx
When discussing the security of SSO systems- which of the following is (1).docx
 
When an electron emits light energy and drops from the fourth to the t.docx
When an electron emits light energy and drops from the fourth to the t.docxWhen an electron emits light energy and drops from the fourth to the t.docx
When an electron emits light energy and drops from the fourth to the t.docx
 
When a liquid is placed in a sealed container- A) a set vapor pressure.docx
When a liquid is placed in a sealed container- A) a set vapor pressure.docxWhen a liquid is placed in a sealed container- A) a set vapor pressure.docx
When a liquid is placed in a sealed container- A) a set vapor pressure.docx
 
When a hydrate compound is heated- does the water get broken down into.docx
When a hydrate compound is heated- does the water get broken down into.docxWhen a hydrate compound is heated- does the water get broken down into.docx
When a hydrate compound is heated- does the water get broken down into.docx
 
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docxWhat will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
What will happen to the Ksp value of Al(OH)3 when sodium hydroxide is.docx
 
Which of the following can be used to create a VPN (Virtual Private Ne.docx
Which of the following can be used to create a VPN (Virtual Private Ne.docxWhich of the following can be used to create a VPN (Virtual Private Ne.docx
Which of the following can be used to create a VPN (Virtual Private Ne.docx
 
Which of the following are sources of lags in monetary policy- I- Con.docx
Which of the following are sources of lags in monetary policy-  I- Con.docxWhich of the following are sources of lags in monetary policy-  I- Con.docx
Which of the following are sources of lags in monetary policy- I- Con.docx
 
Which of the following are significant shortcomings with voluntary CSR.docx
Which of the following are significant shortcomings with voluntary CSR.docxWhich of the following are significant shortcomings with voluntary CSR.docx
Which of the following are significant shortcomings with voluntary CSR.docx
 
What various activities can be performed using IIS Manager-SolutionIIS.docx
What various activities can be performed using IIS Manager-SolutionIIS.docxWhat various activities can be performed using IIS Manager-SolutionIIS.docx
What various activities can be performed using IIS Manager-SolutionIIS.docx
 
What type(s) of bonding would be expected for each of the following ma.docx
What type(s) of bonding would be expected for each of the following ma.docxWhat type(s) of bonding would be expected for each of the following ma.docx
What type(s) of bonding would be expected for each of the following ma.docx
 
Which of the following are features of Btrfs- relocating files and sub.docx
Which of the following are features of Btrfs- relocating files and sub.docxWhich of the following are features of Btrfs- relocating files and sub.docx
Which of the following are features of Btrfs- relocating files and sub.docx
 
Which of the following accounting principles requires businesses to re.docx
Which of the following accounting principles requires businesses to re.docxWhich of the following accounting principles requires businesses to re.docx
Which of the following accounting principles requires businesses to re.docx
 
Which method would answer this question- To investigate if the use of.docx
Which method would answer this question- To investigate if the use of.docxWhich method would answer this question- To investigate if the use of.docx
Which method would answer this question- To investigate if the use of.docx
 
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docxWhat type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
What type of intermolecular forces exist in NH3 and H2S- dispersion fo.docx
 
Which method of evaluating capital investment proposals uses the conce.docx
Which method of evaluating capital investment proposals uses the conce.docxWhich method of evaluating capital investment proposals uses the conce.docx
Which method of evaluating capital investment proposals uses the conce.docx
 
Which molecule(s) will experience the London force- Select all that ap.docx
Which molecule(s) will experience the London force- Select all that ap.docxWhich molecule(s) will experience the London force- Select all that ap.docx
Which molecule(s) will experience the London force- Select all that ap.docx
 
Which metal is the stronger reducing agent- copper or zinc- iron or co.docx
Which metal is the stronger reducing agent- copper or zinc- iron or co.docxWhich metal is the stronger reducing agent- copper or zinc- iron or co.docx
Which metal is the stronger reducing agent- copper or zinc- iron or co.docx
 
Which is not true of the Progressives- options- a)They consisted predo.docx
Which is not true of the Progressives- options- a)They consisted predo.docxWhich is not true of the Progressives- options- a)They consisted predo.docx
Which is not true of the Progressives- options- a)They consisted predo.docx
 

Recently uploaded

PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
AyyanKhan40
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
Celine George
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
Nguyen Thanh Tu Collection
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
simonomuemu
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Excellence Foundation for South Sudan
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
Dr. Shivangi Singh Parihar
 
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptxPengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Fajar Baskoro
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
sayalidalavi006
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Celine George
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Nicholas Montgomery
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
adhitya5119
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
Jean Carlos Nunes Paixão
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
eBook.com.bd (প্রয়োজনীয় বাংলা বই)
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
National Information Standards Organization (NISO)
 

Recently uploaded (20)

PIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf IslamabadPIMS Job Advertisement 2024.pdf Islamabad
PIMS Job Advertisement 2024.pdf Islamabad
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
BÀI TẬP BỔ TRỢ TIẾNG ANH 8 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2023-2024 (CÓ FI...
 
Smart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICTSmart-Money for SMC traders good time and ICT
Smart-Money for SMC traders good time and ICT
 
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingYour Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.PCOS corelations and management through Ayurveda.
PCOS corelations and management through Ayurveda.
 
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptxPengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRMHow to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 
Advanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docxAdvanced Java[Extra Concepts, Not Difficult].docx
Advanced Java[Extra Concepts, Not Difficult].docx
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
 
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
 

When preparing a return involving a deduction for travel and entertain.docx

  • 1. When preparing a return involving a deduction for travel and entertainment expenses, the return preparer must make reasonable inquiries to determine that the taxpayer’s records are adequate to substantiate the deduction. a.True. b. False. Solution True The preparer should ask sufficient questions of clients claiming self-employment income to be satisfied that the client is actually conducting a business, the client has records to support income and expenses, or can reasonably reconstruct income and expenses records, and the client has included all income and related expenses on Schedule C, Profit or Loss from Business Taxpayers must have documentation of business purpose, as well as receipts to support expenses claimedfor travel and entertainement expenses.