write off

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Related to write-offs: Tax Write-Offs

write off

1. In accounting, to consider something a loss. A noun or pronoun can be used between "write" and "off." We've been keeping these outstanding payments on the books, but we need to write them off as a loss.
2. In accounting, to record an asset as having no value. A noun or pronoun can be used between "write" and "off." That equipment can no longer be used, so we are writing it off.
3. To dismiss as insufficient, worthless, or a failure. A noun or pronoun can be used between "write" and "off." Don't write off Joe so fast. He's smarter than you think. I could tell that they wrote me off as soon as I walked on the court, but that just motivated me to play harder.
4. To disregard something due to perceiving it as unimportant or not warranting special attention. A noun or pronoun can be used between "write" and "off." At the time, I wrote off his behavior as just a product of stress from work. Obviously now I can see it was more than that. Most people wrote the comment off as a simple gaffe, but I think it had a deeper significance.
5. To send a written message, often a request. When I was a kid, I used to write off to my favorite athletes asking them for autographs. Mom is not happy with the bill, so she's writing off a letter to the company.
6. noun In accounting, the act of considering something a loss, or the item itself. As a noun, the phrase is hyphenated. All of these write-offs will significantly change our valuation.
7. noun In accounting, the act of recording an asset as having no value, or the asset itself. As a noun, the phrase is hyphenated. The car was totaled, so it ended up being a write-off.
See also: off, write

write someone or something off

 (as a something)
1. . to give up on turning someone or something into something. I had to write Jill off as a future executive. The company wrote off the electric automobile as a dependable means of transportation. He would never work out. We wrote him off.
2. . to give up on someone or something as a dead loss, waste of time, hopeless case, etc. Don't write me off as a has-been. We almost wrote off the investment as a dead loss.
3. . to take a charge against one's taxes. Can I write this off as a deduction, or is it a dead loss? Can I write off this expense as a tax deduction?
See also: off, write

write someone or something off

to drop someone or something from consideration. The manager wrote Tom off for a promotion. I wrote off that piece of swampy land as worthless. It can't be used for anything.
See also: off, write

write something off (on one's taxes)

to deduct something from one's income taxes. Can I write this off on my income taxes? I'll write off this trip on my taxes. Oh, yes! Write it off!
See also: off, write

write something off

to absorb a debt or a loss in accounting. The bill couldn't be collected, so we had to write it off. The bill was too large, and we couldn't write off the amount. We decided to sue.
See also: off, write

write off (to someone) (for something)

to send a written request for something away to someone. I wrote off to my parents for some money, but I think they are ignoring me. I wrote off for money. I need money so I wrote off to my parents.
See also: off, write

write off

1. Reduce an asset's book value to zero because it is worthless, as in The truck was wrecked completely, so we can write it off. [Late 1600s]
2. Cancel from an account as a loss, as in Since they'll never be able to pay back what they owe, let's just write off that debt. [Late 1800s] Also see charge off, def. 2.
3. Regard as a failure or worthless, as in There was nothing to do but write off the first day of our trip because of the bad weather , or She resented their tendency to write her off as a mere housewife. [Late 1800s]
4. Amortize, as in We can write off the new computer network in two years or less. Also see charge off, def. 2.
See also: off, write

write off

v.
1. To cancel something from accounts as a loss: The bank has written off the account balance as an unrecoverable debt. After efforts to collect the payment failed, we decided to write it off. We wrote the trip off as a business expense.
2. To consider something a loss or failure: We wrote off the first day of our vacation because it rained all day. The doctors wrote him off when a treatment couldn't be found for his illness.
3. To deem someone or something inconsequential and disregard them: I wouldn't write off the option of going to nursing school. Critics wrote the singer off as a novelty act.
4. To send a written request: I wrote off to the university for an application.
See also: off, write
References in periodicals archive ?
"For the foregoing reasons, we affirm the judgment of the Superior Court that the collateral source rule does not apply to Medicare write-offs." Id.
A keyword search for "goodwill impairment" on Lexis-Nexis newswires found that 214 individual companies--excluding banks and insurance companies--announced goodwill write-offs in 2002.
Technique 2: Compare beginning allowance for doubtful accounts (BADA) to write-offs (WO).
But category A or B write-off is a vehicle that should have been crushed and never returned to the road.
VEHICLE information specialist HPI is calling for used car buyers to be sure that they understand the meaning of the term 'insurance write-off' following a significant rise in such cases.
HPI says that eight% of the vehicles it checks are recorded as a category A or B write-off and should have been crushed.
After the goodwill write-off, Suominen's operating profit and result after taxes for 2007 were negative.
What constitutes an administrative write-off? Do you have specific criteria for defining an acceptable write-off?
107-314) required GAO to review and report on DOD's use of this write-off authority.
Given that real estate acquisitions are financed up to 100% of value, and that real estate is afforded special treatment under the tax code with respect to debt-financed deductions, an exceptional opportunity exists in creating extraordinary tax write-offs with minimal cash investments.
Many times a rise in receivables write-offs is related to a more aggressive sales strategy -- granting credit to customers with higher risk profiles, say, or a weakness in the overall collection and credit process that comes to light when the economy slumps.
''Some reports that gave the sum of write-offs as 250 billion yen are not true,'' Misawa Homes said in a brief statement.
''Each (financial institution) has its own circumstances, thus I doubt if it's appropriate to set a numerical target (to require banks to achieve in write-offs),'' he said.
One view of write-offs of asset impairments is that management uses the accounting rules and manipulates earnings either by not recognizing impairment when it has occurred or by recognizing it only when it is advantageous to do so.