The business you are in affects the type of records you need to keep for federal tax purposes. Your recordkeeping system should include a summary of your business transactions. This summary is ordinarily made in your business books (for example, accounting journals and ledgers).
Chambers 20th Century Dictionary(0.00 / 0 votes)Rate this definition: Waive. wÄv, v.t. to relinquish for the present: to give up claim to: not to insist on a right or claim.ân. Waiâ²ver, the act of waiving: renouncement of a claim: process by which a woman was outlawed. [O. Fr. guever, to refuse, resignâperh.
To give up (a claim or right, for example) voluntarily; relinquish. See Synonyms at relinquish. 2. To refrain from insisting on or enforcing (a rule, penalty, or requirement, for example); dispense with: The original ban on private trading had long since been waived (William L. Schurz). 3. To refrain from engaging in, sometimes temporarily; cancel or postpone: Let's waive our discussion of that problem.