Expenses incurred in applying for the cfo chief financial

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Reference no: EM13609045

Comment on the deductibility of each of the following items:
a. Gambling losses in excess of gambling gains. Taxpayer is not a professional gambler.

b. Expenses incurred in applying for the CFO (chief financial officer) position of a grocery chain. Taxpayer, an auditor with a CPA firm, did not get the job.
c. Club dues for the Coronado Club. Taxpayer, a lawyer, uses the luncheon club exclusively for busines

Reference no: EM13609045

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