ASSIGNMENT
1.Differentiate between deductions for and from adjusted gross income and describe the relevance of the differentiation.
⦁ Describe the cash and accrual methods of accounting with emphasis on the deduction aspects.
⦁ Apply some of the most common Internal Revenue Code deduction disallowance provisions.
⦁ Identify tax planning opportunities for maximizing deductions and minimizing the disallowance of deductions.
