Gladys owns a retail hardware store in Tangipahoa.She is considering opening a business in Hammond,a community located 25 miles away.She incurs expenses of $60,000 in 2011 in investigating the feasibility and desirability of doing so.What amount can Gladys deduct in 2011 if the business is:
Definitions:
Probable Cause
A reasonable ground for belief in the existence of facts warranting certain actions, such as the issuance of a warrant.
Nolo Contendere
A legal plea whereby a defendant in a criminal case does not admit guilt but also does not dispute the charges, allowing for a conviction without an admission of guilt.
Grand Jury
A legal body empowered to conduct official proceedings to investigate potential criminal conduct and to determine whether criminal charges should be brought.
U.S. Constitution
The foundational document of the United States laying out the structure of the federal government, the division of powers, and the rights of citizens.
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