tax write–off

tax write–off
tax write–off n: a tax deduction of an amount of depreciation, expense, or loss
cancelled the debt and took a tax write-off on the loss

Merriam-Webster’s Dictionary of Law. . 1996.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • tax write-off — noun a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer s income bracket • Syn: ↑tax deduction, ↑deduction • Hypernyms: ↑write off, ↑write down • Hyponyms: ↑tax benefit, ↑ …   Useful english dictionary

  • write–off — / rīt ˌȯf/ n 1: the elimination of an asset or amount due from the books 2: tax write off Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • write-off — noun 1. (accounting) reduction in the book value of an asset • Syn: ↑write down • Derivationally related forms: ↑write down (for: ↑write down), ↑write off …   Useful english dictionary

  • write-off — index bad debt Burton s Legal Thesaurus. William C. Burton. 2006 write off …   Law dictionary

  • Write-off — The term write off (or write down) describes a reduction in recognized value. In accounting terminology, it refers to recognition of the reduced or zero value of an asset. In income tax statements, it refers to a reduction of taxable income as… …   Wikipedia

  • write off — phrasal verb Word forms write off : present tense I/you/we/they write off he/she/it writes off present participle writing off past tense wrote off past participle written off 1) a) [transitive] to say officially that someone does not have to pay… …   English dictionary

  • write off — verb 1. concede the loss or worthlessness of something or somebody (Freq. 2) write it off as a loss • Hypernyms: ↑admit, ↑acknowledge • Verb Frames: Somebody s something Somebody s somebody …   Useful english dictionary

  • write-off — Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets. Bloomberg Financial Dictionary * * * write off ˈwrite off also writeoff noun 1. [co …   Financial and business terms

  • write off against — phr verb Write off against is used with these nouns as the object: ↑tax …   Collocations dictionary

  • write-off — noun Date: 1905 1. an elimination of an item from the books of account 2. a. a reduction in book value of an item (as by way of depreciation) b. a tax deduction of an amount of depreciation, expense, or loss 3. chiefly British something (as a… …   New Collegiate Dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”