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Disallow |
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To exclude; reject; deny the force or validity of. The term disallow is applied to such things as an insurance company's refusal to pay a claim. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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291 (a)(3)'s and (e)(1)(B)'S interest-deduction disallowance applies regardless of Sec. Commissioner (1) found themselves empowered to write guidance implementing the new deduction disallowance with respect to such expenses. Under the new guidelines the IRS will not settle unless taxpayers concede (agree to the disallowance of) 100% of the claimed losses or deductions, reduced only by the amount of transaction costs up to 10% of such claimed losses or deductions. |
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disallowance
