What NECESSARY means: An expense that is appropriate and helpful in furthering the taxpayer's business or income-producing activity. See also Ordinary defined elsewhere in this glossary.
- Definition Nontaxable Earned Income:
- Dictionary Income a taxpayer receives for services that is excludable from gross income. Examples include military housing allowances, ministers' housing allowances, and excludable combat pay necessary definition.
- Definition Nontaxable Income:
- Dictionary Income that is by law exempt from tax necessary explain.
- Definition Nonbusiness Bad Debts:
- Dictionary incurred in connection with a creditor's trade or business. A nonbusiness bad debt is deductible as a short-term capital loss and is allowed only in the year the debt becomes entirely worthless necessary what is.
- Definition Noncustodial Parent:
- Dictionary The noncustodial parent is the parent who does not have physical custody of the child or who has custody of the child for the samller part of the year necessary meaning.
How works Necessary meaning in Tax definitions N .
