Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

disallowance

Read a random definition: general assumpsit

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.

disability law | disappearance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
LSD+ is ad-free, with DMs, discounts, case briefs & more.