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Unformatted text preview: Prentice Hall. Review the, What would you do in this situation? presented on page 3-8 of your text. What is your opinion of the client's request? Professor and Class Main Post, In my opinion I feel that the client should not use this as a deduction because these transactions are very illegal. I also feel that these types of business expenses are not allowed to be deductions. With this being said if I had a client that had r came to me and requested this I would have to inform them that these transaction could not be used as deductions because they are kickback's as well as being illegal. Reference: Prentice Hall's Federal Taxation 2011; corporations, Partnerships, estates and Trust; Kenneth E. Anderson, Thomas R. Pope and john L. Kramer; Prentice Hall, 2011...
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This note was uploaded on 10/04/2011 for the course ACCOUNTING AC 430 taught by Professor Johndavis during the Spring '09 term at Kaplan University.
- Spring '09