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 last Decennial Census <2> was in 2010, giving Grandview a population of 749 people. The town of Grandview is located in Spencer County. The 2010 Census gave Spencer County a population of 20,952 people. This means that Grandview had 3.57% of the county's total population, making it Spencer's 4th most populous community. At the same time, Indiana had a population of 6,483,802 people, meaning that Grandview had 0.01% of the total population of Indiana - making it the state's 355th most populous community.