What DISASTER AREA LOSS means: If a casualty is sustained in an area designated as a disaster area by the President of the United States, the casualty is designated a disaster area loss. A disaster area loss may be treated as having occurred in the tax year immediately preceding the year in which the disaster actually occurred. Thus, immediate tax benefits are provided to victims of the disaster.
- Definition Disability Pension:
- Dictionary is a taxable pension from an employer-funded disability plan received by a taxpayer who retired on disability and has not reached normal retirement age. Disability pensions generally are treated as disaster area loss definition.
- Definition Dependent Care Credit:
- Dictionary See "Child and Dependent Care Credit." disaster area loss explain.
- Definition Depletion:
- Dictionary which the cost or other basis of a natural resource (for example, an oil and gas interest) is recovered upon extraction and sale of the resource. The two ways to determine the depletion allowance are disaster area loss what is.
- Definition Dividend:
- Dictionary s share of the profits of a corporation. An insurance dividend is not a true dividend but a return of premium. Dividends from a savings and loan association or credit union are interest, not disaster area loss meaning.
How works Disaster Area Loss meaning in Tax definitions D .
