[Repeal The 17th]

IRC section 162 provides a deduction for ordinary and necessary expenses incurred while engaging in a trade or business. It provides special rules for charitable contributions, bribes and other illegal payments, lobbying, fines and penalties, foreign advertising, stock re-acquisition expenses, and health insurance.

[Dacula]

Very interesting. I never knew that about Bobby.

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IRC section 162 provides a deduction for ordinary and necessary expenses incurred while engaging in a trade or business. It provides special rules for charitable contributions, bribes and other illegal payments, lobbying, fines and penalties, foreign advertising, stock re-acquisition expenses, and health insurance.