alap

(redirected from As Late As Possible)
Also found in: Financial, Acronyms.

alap

(əˈlɑːp) or

alapa

n
(Music, other) a style of Indian vocal music without words
References in periodicals archive ?
In California and Maryland, where a large share of the surveys occurred late within the 15-month cycle, state survey officials explained to GAO officials that an increased emphasis on conducting more prompt complaint investigations drew on the same surveyor staff who perform the annual surveys, which resulted in postponing many of the surveys until as late as possible. Scanlon suggested "dividing the survey into segments performed over several visits, particularly for those homes with a history of serious deficiencies, so that surveyors will be in the home more often."
For term life insurance policies with no cash surrender value accumulating, the tax adviser should consider making an allocation of GST exemption to the trust as late as possible; under current law, the value of such policy would be determined on the date the late allocation is filed and would be based on the unexpired premium on that date.
The specific objectives of year-end tax planning are usually to have as much income as possible treated as either nontaxable or partially taxable and, if it is taxed, taxed as late as possible. This assumes no change in your marginal tax rates between this year and next year.