deduct

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deduct

(Conclude by reasoning), verb apply reason, arrive at a conclusion, ascertain, assume, calculate, come to a conclusion, conclude, conjecture, consider probable, deduce, deem, derive, determine, divine, draw a conclusion, educe, extract, gather, guess, infer, judge, ratiocinate, reason, suppose, surmise, think, think likely, trace, understand

deduct

(Reduce), verb abate, attentuate, bate, cheapen, cut, cut down, decrease, deflate, deplete, devaluate, dilute, diminish, discount, downgrade, lessen, lower, make less, make smaller, mark down, render few, shrink, slash, strike off, strip, subduct, subtract, take away, take off, trim, truncate, withdraw
Associated concepts: tax credit, tax deduction

References in periodicals archive ?

3) Fees deducted from an IRA are not tax deductible on IRS Form 1040; Schedule A (i.

Maximizing Clients' Income Tax Savings: Deducting Your Fee

I say to ECHO readers: if yours has not been deducted, ring and complain and get them to ring you back as it's a premium number.

Letter: You say - Delayed gas rebate

Even when a contract does exist, however, it is not clear that advance payments may be deducted in the year of payment if, for example, monthly payment options are available.

Defendants have improperly deducted certain costs related to home video other than the enumerated costs set forth in the agreement;

A producer's cut: CPAs can play critical role in resolving royalty disputes

If your company buys $390,000 worth of equipment this year and takes a $100,000 write-off while the other $290,000 must be depreciated, bonus depreciation could give you an additional $145,000 deduction up-front (50% of $290,000) while the remaining $145,000 can be deducted, via depreciation, on the equipment's usual schedule.

Deduct now, pay later: new provisions provide a tax break for business owners

94-12 (which deals with the treatment of incidental repairs), the IRS confirmed that INDOPCO did not "change the fundamental legal principles for determining whether a particular expenditure can be deducted.

Rev. Rul. 96-62: a lump of coal or a nicely wrapped present?

In the income statement, however, mandatorily redeemable stock is treated just like all other preferreds; the dividends are deducted from net income to determine earnings available for holders of common stock.

Is it equity? Is it debt? Or is it both?

X is not required to capitalize the portion of the insurance payment attributable to 2006 because of the 12-month rule, and the portion can be deducted in 2005 because the all-events test is met, the amount is determinable with reasonable accuracy, and economic performance was satisfied on payment.

Sec. 263(a) 12-month rule and economic performance accounting method changes

After the shareholders deducted their losses, their stock basis was zero.

Advances to S corporations

Since Congress believes that a single economic loss should only be deducted once, the 2004 American Jobs Creation Act added Sec.

Two new elections: charitable contributions and tax-free incorporations

Any money he contributes now will be deducted from 2002 income.

Many happy tax returns: making these last minute adjustments could save you money. (Tax Strategies)

However, a loss on the sale of a home still cannot be deducted.

RELIEF ACT METES OUT TAX GAINS, PAINS

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