IRS expenses

Definition of "IRS expenses"
  1. National and regional expense estimates published by the IRS used by debtors to calculate their average net income in Chapter 7 bankruptcy, or their disposable income in Chapter 13 bankruptcy
How to use "IRS expenses" in a sentence
  1. Debtors above their state's median family income rely on IRS expenses to determine their average net income.
  2. Joe calculated his disposable income based on the IRS expenses, for his Chapter 13 bankruptcy case.
  3. The IRS expenses assist in ascertaining an individual's financial status during bankruptcy proceedings.

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