What RECOVERY means: The amount of a deduction or creditable expense paid in a previous year that is later refunded to the taxpayer. The recovered amount must usually be included in income in the year it is received, to the extent of the previous tax benefit.
- Definition Royalty Interest:
- Dictionary oil and gas in place that entitles the holder to a specified fraction, in kind or in value, of the total production from the property, free of any expense of development and operation recovery definition.
- Definition Railroad Retirement Tax Act:
- Dictionary The law that provides for railroad retirement benefits recovery explain.
- Definition Rollover:
- Dictionary The tax-free transfer of an employer plan distribution to another employer plan or to a traditional IRA, or the tax-free transfer from one IRA to another or to an eligible employer plan recovery what is.
- Definition Rental Income:
- Dictionary the taxpayer for allowing another person's use of the taxpayer's property. Rental income includes advance rental payments, late payments, and current payments. Payments received for lease recovery meaning.
How works Recovery meaning in Tax definitions R .
