Tax

Tag: OR

  • Ordinary and Necessary Business Expenses

    Ordinary and Necessary Business Expenses means:a tax provision that allows a current deduction for business expenses; contrast with the entry ed with capital expenditure and unreasonable expense. An ordinary and necessary business expense of a sole proprietor would appear on Schedule C of Former…

  • Organization Cost

    Organization Cost means:the amounts spent to begin a business enterprise, such as legal fees, business filing fees, and franchise acquisition. Expenditures by a corporation related to issuing or selling shares of stock or other securities are capitalized and not deductible. Other organization ex…