Legal Dictionary

Category: Tax Law

  • Head of Household

    Head Of Household…

  • Head of Household

    Head Of Household…

  • Living Conditions

    United States Tax Concept of Adverse Living Conditions The term Adverse Living Conditions relates to the waiver of time requirements for the foreign earned income exclusion. Adverse Living Conditions are war, civil unrest, and similar conditions that prevent a taxpayer from staying in a […]

  • Living Conditions

    United States Tax Concept of Adverse Living Conditions The term Adverse Living Conditions relates to the waiver of time requirements for the foreign earned income exclusion. Adverse Living Conditions are war, civil unrest, and similar conditions that prevent a taxpayer from staying in a […]

  • Severance Pay

    Legal Definition and Related Resources of Severance Pay Meaning of Severance Pay payment of a sum of money in addition to back wages or salary to an employee on termination by the employer of the employment relationship for reasons not […]

  • Bankruptcy

    What does Bankruptcy mean in American Law? The definition of Bankruptcy in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is: A legal proceeding, regulated in the U.S. by the federal Bankruptcy Act, in which an insolvent debtor, by […]

  • Budget

    Budget

    Financial Definition of Budget Meaning of Budget A detailed schedule of financial activity, such as an advertising budget, a sales budget, or a capital budget. Synonyms of Budget […]

  • Storage

    United States Tax Concept of Transportation and Storage Costs The costs of moving your household belongings, furniture, vehicles, and pets, to your new home, and the cost of in transit storage for up to 30 consecutive days. These are deductible moving expenses.

  • Personal Property

    Goods , chattels , effects , bills, bonds, notes, securities , shares, dividends, premiums, bonuses in any bank, company or corporation , any interest there in, and any chose in possession or in action . Goods, chattels, effects, bills, bonds, notes, securities, shares, […]

  • Goodwill

    The advantage or benefit which is acquired by a business, beyond the mere value of the capital, stock, funds or property employed therein, in consequence of the general public patronage and encouragement which it receives from constant or habitual customers. See Metropolitan Nat. Bank v St. […]

  • Securities

    Legal Definition and Related Resources of Securities Meaning of Securities stocks , bonds, contracts or other evidence of secured indebtedness, wherein an investment is made for the purpose of realizing income or profit . U.C.C. distinguishes […]

  • Direct Tax

    See Tax. …

  • Regulation

    Legal Definition and Related Resources of Regulation Meaning of Regulation A subordinate legislation enacted under statutory authority by a governmental body. A rule or order having force of law issued by executive authority of government . See […]

  • Child

    The immediate progeny of human parents; offspring born to such parents. 262 111. 183; 200 111. 401. The son or daughter, in relation to the father or mother; the correlative of parent. A young person- of either sex. The age limit of childhood is undefined. 5 Har. & J. (Md.) […]

  • Indirect Tax

    All taxes, other than polls, are either direct or indirect taxes. A direct tax is one that is imposed directly upon property according to its value or on the person who it is intended shall pay the same. An indirect tax is a tax upon some right or privilege or corporate franchise or on […]