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If a Taxpayer Operated an Illegal Business (Not Drug Trafficking)

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Essay

If a taxpayer operated an illegal business (not drug trafficking), what expenses can be deducted and what expenses are disallowed?


Definitions:

Brass Section

A subsection within a band or an orchestra comprised of brass instruments such as trumpets, trombones, French horns, and sometimes tubas.

Induction

Induction is a method of reasoning that involves drawing general conclusions from specific observations or instances.

Deduction

The process of reasoning from one or more general premises to reach a logically certain conclusion.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

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