The next requirement of section 162(a) is that the taxpayer must be carrying on a trade or business. Start up expenses are not entirely deductible, but must be spread out over 15 years. Because business expenses are fully deductible under section 162, taxpayers try to argue that expenses were not start up expenses.
Introduction. Located in northwest Williamson County, Fairview is located 20 miles southwest of downtown Nashville. With a population of 7,993 people, the town sits within the Nashville Metropolitan Statistical Area containing 1.7 million people, the 36th most populated in the nation and largest MSA in Tennessee.
The City of Fairview, Tennessee was incorporated on July 28, 1959 under the Uniform City Manager-Commission Charter as set out in Tennessee Code Annotated. Fairview was originally known as Jingo. Fairview is home to Bowie Park which is one of the largest city managed parks in the State of Tennessee. Bowie Commons recently opened with a Publix SuperMarket.