reclassify

(redirected from reclassifying)
Also found in: Dictionary, Thesaurus.

reclassify

[rē′klas·ə·fī]
(ordnance)
To change the security classification of a document, piece of equipment, or the like.
References in periodicals archive ?
Taxpayers who arc considering participation in the VCSP should consider the costs of reclassifying a worker as an employee, above and beyond the amount payable to participate in the VCSP.
The government is reclassifying cannabis from a Class B to a Class C drug as part of its overall drug strategy to focus on Class A drugs,especially heroin and cocaine.
The formal name for the process of listing a species as threatened or endangered, reclassifying it, or delisting it, is "Rulemaking.
Thus, whereas the propriety of section 530's protection against retroactive reclassification and the attendant penalties and interest was not challenged, some witnesses questioned the prohibition against the IRS prospectively reclassifying a worker.
Reclassifying means people using cannabis cannot be arrested, though the drug could be confiscated and a formal warning issued.
The revisions involved reclassifying investment securities with a stated value of $628.
By reclassifying the capital of the Trust into Class N Units and Class R Units, restricting non-residents from holding Class R Units and limiting the issuance of Class N Units, non-resident ownership of trust units will not be permitted to increase above the level of non-resident ownership existing at the time of the Reclassification.
B subsequently filed amended returns for those three tax years, reclassifying the gas stations as 15-year property under an IRS Industry Specialization Program Coordinated Issue Paper, and recalculating depreciation under the MACRS 150% declining balance (DB) method over a 15-year recovery period.
He said that extending the Lambeth experiment by reclassifying cannabis would free up police time, saving millions of pounds.
He argued that congressional intent was to limit the regulations to reclassifying income of pass-through entities only.
Other increases or reclassifications of expenses that impacted adjusted EBITDA, principally in 2000, include expensing certain marketing and customer acquisition costs previously charged against purchase accounting reserves, certain tax reclassifications from tax expense to operating costs, and reclassifying management fee revenue from a failed joint venture to losses from investments.
For tax years 1992 to 1994, the IRS denied the deduction by reclassifying the payment as a constructive dividend.