What RECOVERY PERIOD means: The period of years over which the cost of business assets is written off under ACRS or MACRS.
- Definition Recharacterization:
- Dictionary Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa recovery period definition.
- Definition Recovery:
- Dictionary 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 recovery period explain.
- Definition Recovery Property:
- Dictionary Recovery property is a term used to describe property that is eligible to be depreciated under either ACRS or MACRS. See ACRS and MACRS recovery period what is.
- 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 period meaning.
How works Recovery Period meaning in Tax definitions R .
