casualty loss

Also found in: Financial

0.01 sec.

casualty loss n. in taxation, loss due to damage which qualifies for a casualty loss tax deduction. It must be caused by a sudden, unexpected or unusual occurrence such as a storm, flood, fire, shipwreck, or earthquake, but would not include gradual damage from water seepage or erosion.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Legal browser	?		Full browser	?
casualty			Technical Advice Memorandum (TAM) 200902011, which provides guidance on how a taxpayer with power transmission and distribution lines should determine "single, identifiable properties" in a casualty loss context, may have alleviated some of this uncertainty. Unit of property for network assets by Holley, Darrin W.; Afeman, Lynn / The Tax Adviser OTHER RESOURCES Much other helpful information is included in the AICPA Casualty Loss Practice Guide (http'dltinyurl. Documenting a casualty loss by Schreiber, Gerard H., Jr. / Journal of Accountancy Our casualty loss calculator can help you with the math. A Tax Write-off for Storm Damage by Kiplinger Washington Editors / Kiplinger.com			cast lots cast off cast out cast overboard cast reflection upon cast reproach upon cast shame upon cast the majority of ballots for castaway caste castigate castigating castigatio castigation castigatory casting away casting of ballots casting out Casting vote castoff casual Casual ejector casualness casualties casualty casualty loss casuistic casuistical casuistry Casuproviso casus Casus Belli casus foederis Casus foedoris Casus fortuitus Casus fortuitus non est sperandus Casus omissus catachresis cataclysm cataclysmal cataclysmic Catalla juste possessa amitti non possunt Catalla repuntantur inter minima in lege catalog catalogue Catalogue fraud charge catalogue of persons catalyst catapult cataract catastrophe			Casualty Assistance Calls Officer Casualty Assistance Control Officer Casualty Assistance Office Casualty Assistance Representative Casualty Battery Control Unit Casualty Canceled Casualty Cancelled Casualty Care Research Center casualty category Casualty Claim Law Associate Casualty Collection Point Casualty Control Computer System Casualty Corrected Report Casualty Correction Casualty Damage Assessment Element Casualty department Casualty department casualty departments Casualty Estimation Casualty Evacuation Casualty Evacuation Casualty Evacuation & Control Ship Casualty Evacuation Officer Casualty Handling Casualty insurance Casualty insurance Casualty insurance Casualty Liaison Team casualty loss Casualty Losses Casualty Losses Casualty of Sound Casualty of war Casualty Percentage Casualty Procedure Casualty Receiving casualty receiving and treatment ship casualty receiving and treatment ship Casualty Receiving Triage Ship Casualty Report Casualty Response Procedure Casualty Simulation Casualty Situation Report casualty slaughter casualty slaughter casualty slaughter casualty slaughter casualty slaughter Casualty Staging Facility casualty staging unit casualty staging unit casualty status Casualty Surgeons Association casualty type Casualty ward Casualty ward casualty wards Casualty Weapon Control Unit Casualty Weapon Direction Panel

Legal Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.