Deductions for bribes and kickbacks


Question 1) Why is the distinction between deductions for AGI and deductions from AGI important for individuals?

Question 2) Al Capone's conviction in the mid 1930s has caused mobsters and illegal gangsters to rethink keeping detailed records. Why? When can you take deductions for bribes and kickbacks?

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Accounting Basics: Deductions for bribes and kickbacks
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