business expense


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.business expense - ordinary and necessary expenses incurred in a taxpayer's business or tradebusiness expense - ordinary and necessary expenses incurred in a taxpayer's business or trade
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
organization expense - the cost (over a period of five years) of organizing a new corporation or partnership
promotional expense - the cost of promoting a product
References in periodicals archive ?
Taxpayers that issue warrants to customers should review their agreements to determine if they can support exclusion as a sales discount or deductibility as a trade or business expense.
This serves each of us well if each needs what the other is selling, both products are of equal value and both represent a business expense.
OneMind Connect is a leading provider of total business expense management solutions.
A lessee can currently deduct the costs of leasing software as a business expense under Sec.
On her tax return, the taxpayer claimed a home office deduction for the room in her home and business expense deductions for a computer and printer she used at home for work.
Determining whether a payment is a business expense or capital expenditure is a fact-intensive inquiry; see Jones, 242 F2d 616 (5th Cir.
Internal Revenue Code section 274(d) allows deductions for any business expense for traveling, entertainment, gifts or listed property if it is substantiated by adequate records.
For example, if when a corporation started doing business in a state it had a debt-equity ratio of 50 percent, and had always had such a ratio, the interest paid to service that debt would surely be considered a business expense.
Since the Ninth Circuit had previously ruled California law required the gross approach, the taxpayer argued the $401,000 NCM paid to the attorneys represented a reimbursed employee business expense under an accountable plan.
On those returns the firm deducted as an ordinary and necessary business expense litigation costs of $705,647 and $629,834 it had paid on behalf of contingent lee clients whose matters had not been resolved by yearend.
Thus, payment to employees was deductible as an ordinary and necessary business expense under section 162.

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