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2. Internal Revenue Code section 162 (a) - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Section 162(a) of the Internal Revenue Code (26 U.S.C. § 162(a)), is part of United States taxation law. It concerns deductions for business expenses. It is one of the most important provisions in the Code, because it is the most widely used authority for deductions. [ 1 ]

3. Public policy limitation on deduction for business expenses

   en.wikipedia.org/wiki/Public_Policy_Limitation...

   Section 162(a) of the Internal Revenue Code allows for taxpayers to deduct from their gross income [1] ordinary and necessary expenses paid or incurred in carrying on a trade or business. Taxpayers seeking to minimize the size of their gross income for tax purposes have a strong incentive to deduct as much as possible from their pre-tax income.

4. Internal Revenue Code - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code

   Section 162(2): Trade or business expenses ... Section 179: Election to expense certain depreciable business assets ... Section 183: Activities Not Engaged in for Profit ... Part VII: Additional Itemized Deductions for Individuals (§ 211–§ 224) ... Section 212: Expenses for production of income ...

5. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   Internal Revenue Code Section 62(a)(1) allows above-the-line deductions for most ordinary and necessary business expenses which are attributable to a trade or business carried on by the taxpayer, if such trade or business does not consist of the performance of services by the taxpayer as an employee. I.R.C. 162(a).

6. Treasury Regulation 1.183-2 - Wikipedia

   en.wikipedia.org/wiki/Treasury_Regulation_1.183-2

   Treasury Regulation 1.183-2 is a Treasury Regulation in the United States, outlining the taxes owed from income deriving from non-business, non-investment activity.. Expenses relating to for profit activities, such as business and investment activities, are generally tax deductible under sections 162 and 212, respectively, of the Internal Revenue

7. Final expense insurance - AOL

   www.aol.com/finance/final-expense-insurance...

   Final expense insurance is a straightforward option designed to help cover end-of-life costs, such as funeral expenses, medical bills and outstanding debts.