write-off

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write-off

Informal something damaged beyond repair, esp a car
References in periodicals archive ?
"We think that our donors give because of other reasons besides just looking to receive a tax write-off," said Cesilie Price, CEO of Boys and Girls Club of Lake County.
"There shouldn't be a tax write-off for corporate wrongdoing.
Likely targets: the mortgage interest deduction, which added about $100 billion to the deficit in fiscal 2010 and more than $400 billion during the last five years, according to congressional estimates; capital gains exclusions for home sale profits, which cost more than $128 billion between fiscal 2006 and 2010; and property tax write-offs, which cost $70 billion-plus during the same period.
He said: "Why should there be one law for these people who are operating in a sweetheart arrangement that they get a tax write-off for losses that are already being borne by the taxpayer?
Now in a fully updated fifth edition, Certified Public Accountant Norm Ray has compiled hundreds of fully lawful tax deduction ideas for use by home-based businesses, independent contractors, freelancers, and entrepreneurs in "Smart Tax Write-Offs".
REAP offers tax write-offs and cash for five years of $3,000 per year, per employee relocated and/or employed for a total of $15,000 per employee.
It should include your personal information, income tax information (for example, W-2 forms, investment income statements, etc.), any adjustments (student loans, moving expenses), information on all household employees, any tax write-offs (such as mortgage payments), direct deposit and any foreign-bank account info, and any energy-saving purchases (for example, new kitchen appliances).