What ACCOUNTING PERIOD means: The period (normally 12 months) that a taxpayer uses to determine federal income tax liability. Unless a taxpayer makes a specific choice to the contrary, his accounting period is the calendar year.
- Definition Amount Realized:
- Dictionary by a taxpayer on the sale or exchange of property. The amount received is the sum of the cash and the fair market value of any property or services plus any of the seller's liabilities assumed accounting period definition.
- Definition Annuity Starting Date:
- Dictionary The first day of the first period for which an amount is due as an annuity payment under an annuity contract accounting period explain.
- Definition Advance Earned Income Credit:
- Dictionary Payment by an employer based on an employee's claim to entitlement to the earned income credit. Advance earned income credit payments are treated as additional taxes on the tax return accounting period what is.
- Definition Accelerated Depreciation:
- Dictionary depreciation that yield larger deductions in the earlier years of the life of an asset than does the straight-line method. The double (or 200 percent) declining balance method is an example of an accounting period meaning.
How works Accounting Period meaning in Tax definitions A .
