cash expenditure method

cash-expenditure method. Tax. A technique used by the IRS to reconstruct a taxpayer’s unreported income by comparing the amount spent on goods and services during a given period with the income reported for that period. • If the expenditures exceed the reported revenue, the IRS treats the difference as taxable income. [Cases: Internal Revenue 4530. 1.]

---

词条贡献者

译员Daniel，毕业于法国顶尖的高级翻译学院，专注翻译各种与数据隐私、安全及网络犯罪有关的法律文件。