GOVERNMENT: Expense Account Trouble

The Internal Revenue Service cast its cold eye on the nation's expense account economy, and millions of U.S. taxpayers felt the chill. Henceforth, the collectors revealed last week, each taxpayer must list on Page One of Form 1040 the amount that his employer paid him for business expenses, and support the figure with a list summarizing total outlays for business meals, travel, entertainment, telephone, etc. If the expenses seem too big for the taxpayer's salary and profession, the auditors can demand a lunch-by-lunch, trip-by-trip account, force the taxpayer to pay income taxes on all amounts disallowed.

Actually, the law requiring...

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