The IRS Says You Must Do What a "Reasonable Business

question 182

True/False

The IRS says you must do what a "reasonable business person" would do to make a profit when running your own business.

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Definitions:

Sequence

An ordered series or arrangement of items, events, or ideas, one following the other in a specific logical or set pattern.

Relationships

The ways in which two or more people or entities are connected and interact with each other.

Bias

A prejudice in favor of or against one thing, person, or group compared with another, usually in a way considered to be unfair.

Internet

A vast network that connects computers all over the world, allowing users to share information and communicate with each other.