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ordinary and necessary business expenses |
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ordinary and necessary business expenses An IRS term limiting the deductibility of expenses to those that are ordinary and necessary.Excessive compensation to insiders may be re-classed as only partially ordinary and necessary, with the balance treated as dividends, which are not deductible. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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