Examlex
Describe the mechanism by which Ras is cycled from its active to inactive form.
Legal Fees
Costs incurred for legal services, which can sometimes be deductible on a tax return depending on the nature of the legal issue.
Casualty Loss
A casualty loss is a sudden, unexpected, or unusual loss of property resulting from events like natural disasters, accidents, or theft, which can be deductible under certain conditions for tax purposes.
Non-recognition
A tax principle allowing certain transfers or exchanges of property to occur without immediate tax consequences.
Involuntary Conversion
A forced change of property ownership or destruction, such as through theft or natural disaster, that may have tax implications.
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