net worth method

net-worth method. The procedure the Internal Revenue Service uses to determine the taxable income of a taxpayer who does not keep adequate records. • The change in net worth for the year determines the taxpayer’s gross income, after taking into account nontaxable receipts and nondeductible expenses. [Cases: Internal Revenue 4530. C.J.S. Internal Revenue §§ 645, 872.]
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资深译员Jeffrey,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与建设工程诉讼有关的法律文件。
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