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.
Lakeview is a city in Baxter County, Arkansas, United States. The population was 763 at the 2000 census. Lakeview is located at 36Â°22â²38â³N 92Â°32â²5â³W / 36.37722Â°N 92.53472Â°W / 36.37722; -92.53472 (36.377358, -92.534738). According to the United States Census Bureau, the city has a total area of 1.1 square miles (3.0 kmÂ²), all of it land.