What is recovery definition
Define Recovery facts. Notion of expense paid in a previous year that is later refunded to the.

Helpful?

Recovery Definition

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.

How works Recovery meaning in Tah definition R .