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 Defined Benefit Plan:
- Dictionary A defined benefit plan is any employer-provided retirement plan that is not a defined contribution plan (defined elsewhere). The most common type of defined benefit plan is a pension plan disaster area loss definition.
- Definition Defined Contribution Plan:
- Dictionary contribution plan is an employer-provided retirement plan under which a separate account is provided for each plan participant. Benefits depend on the amount contributed to the plan and the amoount disaster area loss explain.
- Definition Deferred Compensation:
- Dictionary will be taxed when received or upon the removal of certain restrictions on receipt and not when earned. For example, contributions by an employer to a qualified pension or profit-sharing plan on disaster area loss what is.
- Definition Distributions By Corporations:
- Dictionary this term refers to any amounts paid by a corporation to its shareholders, or any property distributed, other than for value received in goods or services. Distributions from corporate earnings and disaster area loss meaning.
How works Disaster Area Loss meaning in Tax definitions D .