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Charging an asset amount to expense or loss, such as through the use of depreciation and amortization of assets.


A reduction in an individual's or a company's income as the result of an expense. For example, an unpayable credit sale may be a write-off for the creditor, especially if the debtor declares bankruptcy. The bankruptcy means that the debtor is unable to pay the debt, which results in a loss of income for the creditor. A write-off may usually be deducted from one's taxable income.


To take an asset entirely off the books because it no longer has any value.If an accrualbasis taxpayer has taken money into income when bills were sent out to customers,but then some of the bills became uncollectible, the taxpayer may write off the uncollectible ones as a deduction against income. Financial institutions are required to write off loans when they become delinquent by a certain amount.

References in periodicals archive ?
It was also being speculated, however, that HBO needed to broadcast "The Late Shift" before the year was up in order to use its production costs as a 1995 tax write-off.
Most dykes would prefer not to work for The Man, but jumping off into the terrifying world of Top Ramen and tax write-offs (read: self-employment) is intimidating.
any adjustments (student loans, moving expenses), information on all household employees, any tax write-offs (such as mortgage payments), direct deposit and any foreign-bank account info, and any energy-saving purchases (for example, new kitchen appliances).
the Indian metalcasting industry benefits from support by its government, including tax deductions for research and development expenditures, government loans, loan guarantees and tax write-offs.
With a clean balance sheet, thanks to more than a million dollars in municipal tax write-offs in Sudbury and Sault Ste.
Sometimes those collectors keep the items, other times they sell or donate them to museums for tax write-offs.
A little-noticed provision in a corporate tax bill approved in the Congress would sharply limit donors' tax write-offs for car donations and other material gifts.
Finnish information technology lobby groups TTK and the Finnish Federation for Communications and Teleinformatics (FiCom) have reportedly suggested that the government allow tax write-offs on computer and Internet account expenses.
Nader: They're trying to use ANWR as a trade-off to obtain oil and gas tax write-offs.
Provide tax write-offs for tummy tucks and liposuction.
When Nixon got in trouble for taking huge illegal tax write-offs on the presidential papers he donated to the public, he said he got that idea from Johnson.