Assertion: expense | /r/HasProperty | ordinary
Facets:
Source sentences:
text: The IRC allows businesses to report any expense that may be ordinary and necessary.﻿﻿ Business expenses need not be required to be considered ordinary or necessary.
text: There is no checklist to see if an expense is special or extraordinary.
text: As long as the expenses are necessary to the operation of the business and are ordinary to the type of business in that industry, a business owner can deduct them and reduce the overall tax liability.
text: Expenses must be ordinary and necessary.
text: In general, if an expense is ordinary and necessary for you to conduct business, it can be written off as a business expense.
text: So, even if the expenses are ordinary and necessary, if the employer does not have an accountable plan, then any reimbursements are taxable income.
text: You and your partner can decide if an expense is special or extraordinary.