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Unformatted text preview: 4. Activities must be ordinary, necessary, and reasonable 5. No deductions for club memberships 6. M&E plans 1. Accountable Plan a. Employer 50% deduction b. Employee reimbursed; not included in income 2. Non-accountable plan a. Employer fully deductible b. Employee subject to 50% limit, any reimbursements are income Indirectly Related to Business...
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- Spring '08