Iowa Admin. Code r. 701-300.4
Current through Register Vol. 47, No. 11, December 11, 2024
Whether and to what extent deductions shall be allowed depends upon specific legislative acts, and only where there is a clear provision can any particular deduction be allowed. Therefore, a deduction will be allowed only if the taxpayer can establish the validity and correctness of such deduction.
This rule is intended to implement Iowa Code sections 422.7 and 422.9.
Iowa Admin. Code r. 701-300.4
Editorial change: IAC Supplement 11/2/22