necessary expense

Mira otros diccionarios:

• necessary expense of business — See necessary business expense …   Ballentine's law dictionary

• necessary expense of public body — An expenditure which a municipality is reasonably required to make in order to carry on its work and perform its duties. Anno: 113 ALR 1204. Such an expense as is incurred in procuring those things without which the peace and order of the… …   Ballentine's law dictionary

• ordinary and necessary expense — see expense Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• 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

• necessary business expense — An expense which is appropriate and helpful. Blackmer v Commissioner (CA2) 70 F2d 255, 92 ALR 982. See ordinary and necessary expense …   Ballentine's law dictionary

• expense — The cost of a thing or of services; the charge made for something; a paying out for something. See expenditure; family expenses; funeral expenses; operating expenses; ordinary and necessary expense; overhead expenses …   Ballentine's law dictionary

• expense — ex·pense 1 n: financial burden or outlay; specif: an item of business outlay chargeable against revenue for a specific period busi·ness expense: an expense made in furtherance of one s business esp. as part of the cost of operating a business in… …   Law dictionary

• Expense — Expenses redirects here. For the row about members expenses in the UK Parliament which started about May 2009, see United Kingdom Parliamentary expenses scandal. Accountancy Key concepts Accountant · Accounting period ·… …   Wikipedia

• expense — /Ik spens/ noun (C, U) 1 the amount of money that you have to spend on something: household/medical/living etc expenses (=the money that you spend for a particular purpose): The students share all the household expenses. | go to great expense… …   Longman dictionary of contemporary English

• expense — ex|pense W2S3 [ıkˈspens] n 1.) [U and C] the amount of money that you spend on something legal/medical/living/travel etc expenses (=the money that you spend for a particular purpose) ▪ He borrowed £150,000 and used the money for legal expenses.… …   Dictionary of contemporary English

• ordinary and necessary business expense — n: ordinary and necessary expense at expense Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary