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Business, 07.12.2021 03:00 jashaikamatuteowwp1p

CPA Associates, a cash-basis partnership with a calendar tax year, signs a contract for a 30-month subscription to an online tax research service, effective as of November 1. The firm pays the full $15,000 subscription bill on the November 1, 2020 subscription start date. For 2020 the firm can deduct:.

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