Necessary

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Necessary

An expense that is appropriate and helpful in furthering the taxpayer's business or income-producing activity. See also Ordinary defined elsewhere in this glossary.
References in periodicals archive ?
Yet today we still suffer the push and pull between necessity and freedom.
In response, Boston Heart pointed out that it is a patient's doctor, and not the laboratory tasked with performing the physical test, who rightly determines the medical necessity of a specific test for a particular patient.
Even in the US war on terror, extrajudicial means have always been delicately approached, with former president Barack Obama insisting that 'enhanced interrogation'-meaning, torture of suspected terrorists-must be avoided, and that government should not stoop down to the level of terrorists, necessity or even Donald Trump notwithstanding.
Entrepreneurship and other specialists from around the world present 12 essays on programs and initiatives training necessity entrepreneurs around the world: government-funded programs in Europe and the US to help individuals transition from unemployment to self-employment; private and non-governmental programs in India, China, Mexico, and the Philippines to help mentor entrepreneurs, aid microcredit borrowers to establish small businesses, and help female-led micro businesses; and high-impact programs in Mexico, Brazil, and the US, including microfranchising programs.
01 provides for two distinct easements by way of necessity, an implied grant of necessity pursuant to subsection (1), which is, essentially, a codification of the implied way of necessity arising under common law when a common grantor conveys property in a manner that creates a "landlocked" parcel of property, and a statutory way of necessity pursuant to subsection (2).
Necessity Funding Partners vice president of sales Howard Watsky said, "This acquisition eliminates the need for law firms to meet with their clients to sign all of the required legal funding security documents.
Necessity goods, by contrast, are goods for which demand increases proportionally less as income increases.
Lauderdale area businesses achieve their goals in the online space,” said Shelby Lowry, CEO Necessity Marketing Inc.
In their introduction, the authors consider that the concept of necessity "is often the key element that drives the outcome of the analysis", whether it be with respect to individual self-defence under national criminal law, national self-defence under international law or killing during armed conflict (p 1).
A sample of ten university students were asked to indicate their views as to whether the eight products are luxuries or necessities on a six point scale ranging from 1 = "a luxury for every one" to 6 = "a necessity for everyone".
The study indicates that innovation-driven, high income Arab countries have higher rates of opportunity entrepreneurship while lower income Arab countries have higher concentrations of necessity entrepreneurs.