products-liability loss:
(1978)
1. The total of a taxpayer’s products-liability expenses up to the amount of the taxpayer’s net operating loss. IRC (26 USCA) § 172(j)(1). — Abbr. PLL. See net operating loss. [1]
References:
Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.
[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4
******************************************
Back to Tax-Related Losses
Civil and Criminal Law;
what’s the difference?
Like this website?
or donate via PayPal:
Disclaimer: Wild Willpower does not condone the actions of Maximilian Robespierre, however the above quote is excellent!
This website is being broadcast for First Amendment purposes courtesy of
Question(s)? Suggestion(s)?
Email [email protected].
We look forward to hearing from you!