Legal Dictionary

Category: Tax Law,International Tax Law

  • Accounting Cycle

    Meaning of Accounting Cycle in the United States Tax SystemIn accounting and taxing systems around the world, accounting procedures beginning with an initial entry, such as the first sale of the year, and culminating with the closing entries, which are posted after year-end.See also oth…

  • Accounting Period

    Meaning of Accounting Period in the United States Tax SystemA period of time covered by a tax return, used by the taxpayer for the determination of his / her / its tax liability. For example, January 1 through December 31 of a year. Former IRC (check <a href=http://lawi.us/internal-r…

  • Ad valorem tax

    Meaning of Ad Valorem Tax in the United States Tax SystemU.S. and other Developed Countries International Tax MeaningIt is a tax on goods or property imposesd in some countries, like the United States, and expressed as a percentage of the sales price or assessed value of the item.<…

  • Ad valorem tax

    Meaning of Ad Valorem Tax in the United States Tax SystemU.S. and other Developed Countries International Tax MeaningIt is a tax on goods or property imposesd in some countries, like the United States, and expressed as a percentage of the sales price or assessed value of the item.<…

  • Accountant

    Legal Definition and Related Resources of Accountant Meaning of Accountant One who is versed In accounts. A person or officer appointed to keep the accounts of a public company. A certified public accountant is one who is certified by proper authority […]