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Unformatted text preview: that you take the full $200,000 deduction. There are other options however, you can take the conservative approach and make a fair market deduction for the average salary of a taxpayer in a similar situation. This would ensure zero scrutiny from the Internal Revenue Service, but would increase your tax liability. However, it is my opinion that you take the full $200,000 deduction. V/R, Bradford Tennyson Aztec Accounting Services email@example.com (619) 555-8654...
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This note was uploaded on 10/24/2010 for the course ACCTG 321 taught by Professor Will during the Spring '08 term at San Diego State.
- Spring '08