Net operating losses and casualty and business expense

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Question: "Net Operating Losses and Casualty and Business Expenses" Please respond to the following:

Make a recommendation about the timing of the deduction to a client that would maximize the tax benefit of an NOL deduction. Provide a rationale to support your recommendation.

Predict at least two (2) potential deduction errors that a taxpayer would most likely make when mixing business and pleasure travel. Next, suggest one (1) way in which a taxpayer could avoid those deduction errors.

Reference no: EM13800915

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