Assertion: business expense | /r/HasProperty | necessary
Facets:
value: to their respective business activities
type: OTHER
value: according to most tax authorities
type: OTHER
value: according to the irs
type: OTHER
Source sentences:
text: According to the IRS, to be deductible, a business expense "must be both ordinary and necessary.
text: To be deductible, a business expense must be both ordinary and necessary.
text: According to most tax authorities, a business expense has to be both necessary and ordinary.
text: As a general matter, incidental expenses may be deductible if they are ancillary to business expenses that are ordinary and necessary to their respective business activities, if they are locally customary and expected, and if they are reasonable in amount.
text: “To be deductible, a business expense must be both ordinary and necessary.
text: To be deductible, a business expense must be both "ordinary" and "necessary.