The Ordinary and Necessary Expenses for Operating an Illegal Gambling

question 5

True/False

The ordinary and necessary expenses for operating an illegal gambling operation (excluding such items as fines, bribes, and other illegal payments) are deductible.

---

Definitions:

35mm Gauge

A standard film gauge most commonly used for both analog photography and motion pictures, measuring 35 millimeters in width.

Sound on Film

A process where audio is recorded onto the same strip of film as the images, synchronizing sound and picture.

Color Film

A type of film that includes chemical elements for producing images in color, as opposed to solely in shades of gray (black and white films).

Black Maria

The first movie studio: a crude, hot, cramped shack in New Jersey where Thomas Edison and his staff began making movies. So named because it resembled a late nineteenth century police paddy wagon, for which the slang term “Black Maria” was first used.