If a Self-Employed Individual Is Not "Away from Home," Expenses

question 78

True/False

If a self-employed individual is not "away from home," expenses related to local transportation are never deductible.

---

Definitions:

Vision And Mission

Broad declarations that guide an organization's purpose, objectives, and path; the vision outlines the desired future state, while the mission describes the organization's current operations and purpose.

High Failure Rate

A situation where a significant portion of attempts or processes result in failure, indicating a lack of effectiveness or reliability.

New Businesses

Entities that have been recently established to engage in commercial, industrial, or professional activities.

Family Owned

A business that is owned and often operated by members of the same family, spanning one or more generations.