business expense

An expense incurred to operate and promote a business; esp., an expenditure made to further the business in the taxable year in which the expense is incurred.

• Most business expenses — unlike personal expenses — are tax-deductible. [Cases: Internal Revenue 3314.1–3377.]

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词条贡献者

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。