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

question 12

Essay

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

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Definitions:

Fertilization

the process of a sperm cell uniting with an egg cell, resulting in the formation of a zygote and the beginning of pregnancy.

Ova

The female reproductive cells in animals and plants; egg cells in humans.

Genetics

The branch of biology that studies genes, genetic variation, and heredity in organisms.

Inborn

Characteristics, traits, or abilities present at birth, not acquired or learned through experience.