List the Criteria Necessary for an Expenditure to Be Deductible

question 5

Essay

List the criteria necessary for an expenditure to be deductible as a trade or business expense or an expense for the production of income.

---

Definitions:

Perspective-Taking Skills

The abilities involved in understanding and considering others' viewpoints, attitudes, and emotions from their perspective.

Cognitive Developed

The process of growth and change in intellectual abilities such as thinking, reasoning, and understanding over the lifespan.

Language Differences

Variations in the structure, use, or cognitive processing of language that exist among individuals, groups, or populations.

Speech

The ability to express thoughts and feelings through vocalized language, a fundamental aspect of human communication and interaction.