Business Losses definition

Business Losses means actual losses (but not punitive damages except to the extent awarded by a court of competent jurisdiction in respect of a third party claim), damages, liabilities, costs and expenses, including interest, penalties, court costs and reasonable attorneys' fees and expenses.imposed upon or incurred by the Business.
Sample 1Sample 2
Business Losses definition to be provided by Xxx Xxxxxx
Sample 1

Examples of Business Losses in a sentence

  • These forms are the Local Initial Damage Assessment Form, the Housing and Business Losses Supplement Form, and the Public Assistance Supplement Form.

  • Thus, the provision reverses the result that was previously provided with respect to this issue on IRS Form 461, Limitation on Business Losses, and the Instructions for Form 461 for 2018 and 2019, and in the IRS explanation of “Excess business losses” available at https://www.irs.gov/newsroom/excess-business-losses (last visited April 22, 2020).in calculating the section 461(l) limitation cannot exceed the lesser of capital gain net income from a trade or business or capital gain net income.

  • However, contrary to Congressional intent, IRS Form 461, Limitation on Business Losses, and the Instructions for Form 461 for 2018 and 2019, include wages and salaries (amounts from the trade or business of being an employee) in the determination of the taxpayer’s excess business loss amount.213In the case of a partnership or S corporation, the provision applies at the partner or shareholder level.

  • HW-16 No461.......................Limitation on Business Losses ..............................................................................................................

  • Nonfarm Business Losses Fill in on line 4 all nonfarm business losses as indicated below.Column A – Do not fill in any nonfarm business losses.Columns B and C – Fill in nonfarm business losses (compute each loss separately) included in the income reported on lines 1 and 2 of Worksheet 1.

  • Deferred Tax Assets in respect of unabsorbed brought forward Business Losses and Unabsorbed Depreciation are recognized and carried forward only if there is virtual certainty of its realization.

  • Based on the nature and scope of business, two types of business losses have been identified as follows:▪ Temporary Business Losses: These are temporary impacts on eligible mobile businesses whose premises can be relocated, or if the building is fixed the staff and operations can easily be relocated and re-start their activities nearby.▪ Permanent Business Losses: These are impacts on eligible businesses located in affected permanent or non-movable structures/buildings.

  • Its share of sharable pre-2009 NBL carryforward from other combined group members up to the allowable 5% amount to offset its share of the Wisconsin com- bined group's Wisconsin income.See the common question, "Net Business Losses for Com- bined Groups" available at reve- nue.wi.gov/faqs/ise/combrptd.html for further information.

  • Income Restoration Allowance for Business Losses -- compensation for permanent business losses will be in cash for the period deemed necessary to re-establish the business (6 months).

  • See Form 461, Limitation on Business Losses, and its instructions for details on the amount of the excess business loss limitation.Standard mileage rate.

Related to Business Losses

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Losses has the meaning set forth in Section 10.1(a).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • distribution losses means energy losses that result from the interaction of intrinsic characteristics of the distribution network such as electrical resistance with network voltages and current flows;

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Loss Adjustment Expenses means all costs and expenses incurred by the Company in the investigation, adjustment and settlement of claims. Loss adjustment expenses include third-party costs as well as the Company’s internal expenses, including salaries and expenses of loss management personnel and certain administrative costs.

  • Tax-Related Losses means (a) all federal, state, local and foreign Taxes (including interest and penalties thereon) imposed (or that would be imposed) pursuant to any settlement, Final Determination, judgment or otherwise; (b) all accounting, legal and other professional fees, and court costs incurred in connection with such Taxes; and (c) all costs, expenses and damages associated with stockholder litigation or controversies and any amount paid by Parent (or any Parent Affiliate) or SpinCo (or any SpinCo Affiliate) in respect of the liability of shareholders, whether paid to shareholders or to the IRS or any other Tax Authority, in each case, resulting from the failure of the Contribution, the First Internal Distribution, the Second Internal Distribution or the Distribution, to have Tax-Free Status.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Net Realized Losses For any Class of Certificates and any Distribution Date, the excess of (i) the amount of Realized Losses previously allocated to that Class over (ii) the amount of any increases to the Class Certificate Principal Balance of that Class pursuant to Section 5.08 due to Recoveries.

  • Liquidating Losses means any net loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership (including upon the occurrence of any event of liquidation of the Partnership), including but not limited to net loss realized in connection with an adjustment to the book value of Partnership assets under Section 6.2 hereof.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Loss Adjustment Expense means costs and expenses incurred by the Company in connection with the investigation, appraisal, adjustment, settlement, litigation, defense or appeal of a specific claim or loss, or alleged loss, including but not limited to:

  • Incurred losses means the sum of:

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • Losses shall have the meaning set forth in Section 5(a).

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

  • Electrical Losses means all electrical losses associated with the transmission of Product to the Delivery Point, including if applicable, but not limited to, any transmission or transformation losses between the CAISO revenue meter and the Delivery Point.

  • Relevant Losses means, in relation to:

  • Allocable Costs means costs allocable to a particular cost objective if the goods or services involved are chargeable or assignable to such cost objective in accordance with relative benefits received or other equitable relationship. Costs allocable to a specific Program may not be shifted to other Programs in order to meet deficiencies caused by overruns or other fund considerations, to avoid restrictions imposed by law or by the terms of this Agreement, or for other reasons of convenience.