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LSDefine

Simple English definitions for legal terms

disallowance

Read a random definition: public pond

A quick definition of disallowance:

Disallowance: When someone is told they can't have something they asked for. This word is often used when talking about taxes, which are the money people pay to the government. If the government thinks someone asked for too much money back on their taxes, they might say that person's request is disallowed. This can also happen in a situation called bankruptcy, which is when someone can't pay their bills and needs help from the government. If the government decides that someone's request for help is not allowed by the law, they might say that request is disallowed.

A more thorough explanation:

Disallowance means to deny or reject something. In legal terms, disallowance can refer to:

  • The IRS denying a deduction or tax benefit claimed on a tax return after an audit
  • A court ruling that a claim is not allowable by law in a bankruptcy case

Here are some examples to help illustrate the definition of disallowance:

Let's say a business claims a large deduction on their tax return for expenses that are not actually related to their business. After an audit, the IRS may issue a disallowance, meaning they deny the deduction and the business will owe more taxes.

In a bankruptcy case, a creditor may file a claim for money owed to them by the debtor. If the court determines that the claim is not valid or allowable by law, they may issue a disallowance, meaning the creditor will not receive any payment from the bankruptcy estate.

Overall, disallowance is a legal term that means to deny or reject something, often in the context of taxes or bankruptcy cases.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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