Ordinary

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Related to The Ordinary: ordinary shares, Ordinary differential equations

Ordinary

Common and accepted in the general industry or type of activity in which the taxpayer is engaged. It is one of the tests for the deductibility of expenses incurred or paid in connection with a trade or business; for the production of income; for the management, conservation, or maintenance of property held for the production of income; or in connection with the determination, collection, or refund of any tax.
References in classic literature ?
No reason to; but take note that the mistake can only arise in the first category, that is among the ordinary people (as I perhaps unfortunately called them).
Moreover, my occupations have been always made to chime in with the ordinary habitudes of my fellowmen.
Cut & Comeagain, and set up in the Eye-Sore line by myself -- one of the most lucrative, respectable, and independent of the ordinary occupations.
Strickland was not, I should say, a man of great intelligence, and his views on painting were by no means out of the ordinary.
They had sailed with Sir John Franklin to the North Pole, and ridden with Havelock to the Relief of Lucknow, and when they were not lighthouses firmly based on rock for the guidance of their generation, they were steady, serviceable candles, illuminating the ordinary chambers of daily life.
He represented the ordinary type of young Englishman, with a stronger dash than usual of selfishness.
It would be most difficult to give any rational explanation of the affinities of the blind cave-animals to the other inhabitants of the two continents on the ordinary view of their independent creation.
The Ordinary Shares are held by the Trustee and in the
and Computershare will promptly wire the payments for the Ordinary Shares and ADSs accepted for payment based on the proration factor indicated above and adjustments to avoid purchases of fractional Ordinary Shares or ADSs.
The lump sum W received served as a substitute for the ordinary income he would have otherwise received over a period of time.
162-2 adds a reasonableness criterion to the ordinary and necessary business expense: An expense should be reasonable in amount in relation to its purpose.
Commissioner (Fannie Mae),(9) the Tax Court rejected the IRS's narrow interpretation of the treatment of business hedges, concluding that the various transactions undertaken in that case were integrally related to the taxpayer's business of buying and selling mortgages and that the character of the hedge transactions should match the ordinary gain or loss treatment accorded the hedged property.

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