net worth technique
Defined in 1 dictionary — Case Law
Definitions from Case Law
United States Supreme Court
The net worth technique, as used in this case, is not a method of accounting different from the one employed by defendants. It is not a method of accounting at all, except insofar as it calls upon taxpayers to account for their unexplained income.
Defined by the Supreme Court in - Holland v. United States, 348 U.S. 121 (1954).