Match Each Statement with the Correct Term Below

Multiple Choice

Match each statement with the correct term below.
-Necessary Expense

A) Specifically disallowed.
B) Appropriate and helpful.
C) Considered a trade or business.
D) Not considered a trade or business.
E) Problems with this generally arise with related parties.
F) This is met when services or property are provided to the taxpayer.
G) Normal, common, and accepted but not necessarily regularly recurring.
H) This is met when the existence and the amount of a liability have been established.