ordinary expenses
11extraordinary expenses — An expense characterized by its unusual nature and infrequency of occurrence; e.g. plant abandonment, goodwill write off, large product liability judgment. This term in a constitutional provision that the state may incur indebtedness for… …
12current expenses — Ordinary, regular, recurring, and continuing expenditures for the maintenance of property, the carrying on of a business, an office, municipal government, etc …
13current expenses — Ordinary, regular, recurring, and continuing expenditures for the maintenance of property, the carrying on of a business, an office, municipal government, etc …
14Public Policy Limitation on Deduction for Business Expenses — Brief Introduction: Deduction for Business Expenses Section 162(a) of the Internal Revenue Code allows for taxpayers to deduct ordinary and necessary expenses paid or incurred in carrying on a trade or business from their gross income. [26 U.S.C …
15Business Expenses — Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income. Although it is not necessary to include receipts for business expenses when you file your tax return, many… …
16IRS Publication 463: Travel, Entertainment, Gift, And Car Expenses — A document published by the Internal Revenue Service that provides details on which business expenses may be deducted from individual or self employment tax obligations. Deductions for travel, entertainment, gifts or transportation related… …
17educational expenses — Employees may deduct education expenses as ordinary and necessary business expenses provided such items were incurred for either of two reasons: (1) to maintain or improve existing skills required in present job or (2) to meet the express… …
18educational expenses — Employees may deduct education expenses as ordinary and necessary business expenses provided such items were incurred for either of two reasons: (1) to maintain or improve existing skills required in present job or (2) to meet the express… …
19running expenses — noun plural : daily, current, or ordinary and necessary expenses : operating costs …
20adjusted ordinary gross income — A determination peculiar to the personal holding company tax imposed by I.R.C. No. 541. Adjusted ordinary gross income is the corporation s gross income less capital gains, No. 1231 gains, and certain expenses. I.R.C. No. 543(bX2). See also… …
