What is COHAN RULE? Definition of COHAN RULE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
Where part of expenditures by taxpayers are of deductible nature as ordinary and necessary business expense are unidentifiable, 50% of expenditures are allowed as deduction. Poletti v. C. I. R., C.A.Mo., 351 F.2d 345, 349.
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That's the definition of COHAN RULE in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.