Finally, the third category is not taken into account in determining the amount of interest expense
apportioned to the statutory and residual groupings of gross income.
If a cleric's compensation includes a parsonage or housing allowance, which is excludable from gross income, the nondeductible business expense
percentage is based on the ratio of the clergy's nontaxable to taxable income.
As a mid-l9th century Pennsylvania Supreme Court observed, the sue-and-labor clause "adds nothing to the duty of the insured and his agents, but merely expresses what would be the duty of the parties without it; that is, to use all proper exertions to save the property insured from total loss, and declares the duty of the insurer to contribute to the expense
More year-to-year expense
volatility - Annual changes in pension or postretirement benefit expense
may be significantly greater under the new IAS, due to the proposed requirement that actuarial gains and losses outside of a 10-percent corridor and the effects of plan amendments for former employees be immediately recognized.
The Third Circuit held that Lincoln Sauings did not establish a "separate and distinct asset" test and that an expense
may be a capital expense
, even though there is no separate and distinct asset.
The initiative with the largest expense
impact is facility improvements, which will add $18.
DALLAS -- Symphony Spend Management Solutions (SMS), a provider of software and outsourcing solutions that help clients effectively manage expenses
, assets and workflow processes, today announced that it has received a "positive" rating in Gartner's recently-published "Marketscope for Telecom Expense
When IMC could no longer afford to pay N's salary, N offered to work without salary, provided IMC would reimburse him for expenses
Since those rules are elective and the taxpayer avoids having to substantiate actual expenses
, Continental must take the bad with the good--the permitted deduction does not necessarily represent the actual expense
The annual statement of operating expenses
for the base year serves as the foundation for calculating operating expense
escalations for all future escalation years during the lease term.
9) The term necessary" imposes only the minimal requirement that the expense
be helpful or appropriate for the development of the taxpayer's business.
274(n) limit on allowable meal expense
deductions "shall be applied only once, either (1) to the person who makes the expenditure or (2) to the person who actually bears the expense
, but not to both"; see Regs.