- necessary expense of business
- See necessary business expense.
Ballentine's law dictionary. Anderson, W.S.. 1998.
necessary expense of business
Look at other dictionaries:
ordinary and necessary expense — A deduction in computation of taxable income where incurred as a common and accepted practice in the taxpayer s field of business, where it is appropriate and helpful in maintaining the taxpayer s business, and where it is not in violation of… … Ballentine's law dictionary
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