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 Dependent Care Credit:
- Dictionary See "Child and Dependent Care Credit." disaster area loss definition.
- Definition Depreciable Asset:
- Dictionary Tangible personal property or real property used in business or held for the production of income with a determinable useful life of more than one year disaster area loss explain.
- Definition Divorce Decree (Final):
- Dictionary A decree issued after a divorce is declared final by the court. This action dissolves the marriage and returns the spouses to unmarried status disaster area loss what is.
- 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 meaning.
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