Definition & Meaning | English word LOOK-BACK
LOOK-BACK
Definitions of LOOK-BACK
- A look in a backward or retrospective manner; an additional or secondary look; a review.
Number of letters
9
Is palindrome
No
Examples of Using LOOK-BACK in a Sentence
- Friendlier sales and use tax audit - While state taxing authorities typically reserve the right to audit taxpayers who come forward pursuant to a voluntary disclosure agreement, the audit will typically be limited to the reduced look-back period, and it would generally focus more on understanding and confirming the reasonableness of the taxpayer's liability quantification approach, rather than on uncovering additional liabilities.
- Extends the four-year look-back period to six or more years as reasonably necessary to determine a reliable base rent, extends the period for which an owner can be liable for rent overcharge claims from two to six years, and would no longer allow owners to avoid treble damages if they voluntarily return the amount of the rent overcharge prior to a decision being made by a court or Housing and Community Renewal (HCR).
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