Business Administration Faculty Publications

Meeting the Demands of IRC Section 274(d)

Document Type

Article

Publication Date

12-2013

Journal Title

The CPA Journal

First Page

44

Last Page

47

Abstract

The National Taxpayer Advocate (NTA) was established as a liaison between taxpayers and Congress to address issues that taxpayers encounter in complying with tax law. The NTA's annual report to Congress identifies areas where noncom-pliance presents a significant problem and suggests administrative or legislative remedies. To discover problem areas, the NTA identifies issues that generate an inordinate amount of litigation. Trade or business expenses are perennially one of the most litigated issues.

Keywords

IRC code, accounting

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