Deductive - Law Dictionary Search Results
disallow
disallow 1 : to deny the truth, force, or validity of [ed the deduction] [ a bankruptcy claim] 2 : to refuse to allow [ payment of benefits] dis·al·low·ance n
checkoff
checkoff 1 : the deduction of union dues from a worker's paycheck by the employer 2 : designation on an income tax return
loss
liability in the insurer under the terms of the policy NOTE: As a general rule, economic losses are deductible from adjusted gross income under section 165 of the Internal Revenue Code. There are, however, numerous exceptions and
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check off
check off : to deduct (union dues) from a worker's paycheck
cash accounting
cash accounting Income is reported in the year it is received, and expenses are deducted in the year they are paid.
capital expenditure
property (as capital assets) or that are otherwise chargeable to a capital account NOTE: Capital expenditures are not deductible for income tax purposes. They are generally added to the property's basis.
below
below 1 : in a lower court [the presumption that the decisions …are correct "W. J. Brennan, Jr."] 2 : lower on the same page or on a following page [the paragraph ] prep : lower...
at-risk rule
at-risk rule : any of several rules enacted by the Tax Reform Act of 1976 that restrict the deduction from income a taxpayer may take for a loss to the amount for which the taxpayer is personally
antichresis
property giving the creditor the right to the fruits (as rents) of the property which are to be deducted from the interest or principal of the debt compare pawn
amortize
charges to income over a time span [ the machinery over five years] see also depreciation compare capitalize, deduct amor·ti·za·ble adj amor·ti·za·tion [a-mər-tə-zā-shən, ə-mȯr-] n
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