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.
Fairview is a city located in Williamson County, Tennessee. It is part of the Nashville metropolitan area. The population was 7,720 at the 2010 census, which was a 33.1% increase in population from the 2000 census. In the communities just outside Fairview, there are an additional 4,100 people, so there are over 11,000 people living within the Fairview area.