tax benefit rule

tax-benefit rule. The principle that if a taxpayer recovers a loss or expense that was deducted in a previous year, the recovery must be included in the current year’s gross income to the extent that it was previously deducted. — Also termed tax-benefit doctrine. [Cases: Internal Revenue 3089, 3138. C.J.S. Internal Revenue § 78.]

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词条贡献者

法律翻译Virginia，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与国际贸易与投资监管有关的法律文件。