It discusses in depth the factors applied in determining reasonableness, the necessity for the actual performance of services, situations where a deduction for reasonable compensation is not allowable, and other aspects of reasonable ...

... ordinary and necessary expense a fully deductible expense that is both ordinary (i.e.current)and necessary (i.e.appropriate and helpful) for a business. ordinary annuity a series of fixed payments made at the end of each period over ...

... ordinary expense is one that is common and accepted in the industry of your trade or business. A necessary expense is one that is helpful and appropriate for your trade or busi- ness.2 An expenditure can happen just once every 50 ...

... ordinary expense is one that is common and accepted in the industry of your trade or business. A necessary expense is one that is helpful and appropriate for your trade or busi- ness.2 An expenditure can happen just once every 50 ...

... Expense Accounts , All Ordinary Income / Expense , All Ordinary Income / COGS , and so forth . You can pick a standard account filter from this list . Figure 2-14 : Select a standard Modify Report : Profit & Loss Display Choose Filter ...