Legal Dictionary

Search results for: “tax code”

  • Annotated Code

    A version of a code, which in addition to the text of the law includes references to law review articles, other relevant statues or regulations, and cases discussing or interpreting a particular section of the code. The references to cases include brief summaries of the relevant points of law. […]

  • AAA

    AAA Meaning of AAA in the United States Tax System see accumulated adjustment account. Popular U.S. Tax Words Federal Income Tax Law Tax Code Income Tax Tax Law Careers Tax Law Jobs Income Tax Law Taxation What does AAA mean in American Law? The definition of AAA in the law of the […]

  • Passive Income

    In the U.S. tax code, income (such as investment income) that does not come from active participation in a business….

  • Accessory Liability

    Meaning of Accessory Liability in the United States Tax Systemsee aider and abettor statute.Popular U.S. Tax WordsFederal Income Tax Law Tax Code …

  • Abandoned well

    Meaning of Abandoned Well in the United States Tax SystemSee dry hole.Popular U.S. Tax WordsFederal Income Tax Law Tax Code <a href=http://l…

  • Possessions Corporation

    A type of corporation permitted under the U.S. tax code whereby a branch operation in a U.S. possessions can obtain tax benefits as though it were operating as a foreign subsidiary….

  • Acquisition

    The act by which a person procures the property of a thing. The thing the property in which is secured. Original acquisition is that by which a man secures a property in a thing which is not at the time he acquires it, and in its then existing condition, the property of any other […]

  • Acquisition

    The act by which a person procures the property of a thing. The thing the property in which is secured. Original acquisition is that by which a man secures a property in a thing which is not at the time he acquires it, and in its then existing condition, the property of any other […]

  • Accrued Depreciation

    A loss which is not restored by current maintenance and which is due to all factors involved causing ultimate retirement of the property, including wear, tear and decay. Iowa-Ill. Gas & Elec. Co. v Iowa City, 124 N. W.2d840,255 Iowa 1341.

  • 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…

  • 529 Plan

    Meaning of 529 Plan in the United States Tax SystemSee 529 PlanPopular U.S. Tax WordsFederal Income Tax Law T…

  • Abatement

    Legal Definition and Related Resources of Abatement Meaning of Abatement A reduction; decrease; as in abatement of pecuniary legacies; where the funds or assets out of which legacies are payable are not sufficient to pay all the legacies in full, […]

  • 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…

  • Accrued Interest

    The accumulated coupon interest earned but not yet paid to the seller of a bond by the buyer (unless the bond is in default)….

  • Accumulated Earnings Credit

    Meaning of Accumulated Earnings Credit in the United States Tax SystemAccumulated Earnings Credit may be defined, in an american taxation meaning, as a deduction in arriving at accumulated taxable income that is the greater of $250,000 ($150,000 in the case of personal service corporations)…