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write-off
(redirected from write-offs)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
write-off
Informal something damaged beyond repair, esp a car


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A little-noticed provision in a corporate tax bill approved in the Congress would sharply limit donors' tax write-offs for car donations and other material gifts.
The Fire Department's paramedic response and transportation program, which began in March 2000, will show a net loss of about $400,000 for the year ending June 30, 2003, due to a flat revenue stream, increased salary and overtime costs, increased write-downs and write-offs.
Given that real estate acquisitions are financed up to 100% of value, and that real estate is afforded special treatment under the tax code with respect to debt-financed deductions, an exceptional opportunity exists in creating extraordinary tax write-offs with minimal cash investments.
 
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