What ADVANCE PAYMENTS means: Advance payments are prepayments for services or goods. They generally are includible in gross income upon receipt for both accrual- and cash-basis taxpayers.
- Definition Accelerated Cost Recovery System (ACRS):
- Dictionary depreciation mainly used for property placed in service after 1980 and before 1987. ACRS is also used for certain property placed in service after 1986 that is acquired from a related party who used advance payments definition.
- Definition Active Participant:
- Dictionary A taxpayer who is covered by an employer-maintained qualified retirement plan, or a qualified self-employed retirement plan, if even for only one day during the year advance payments explain.
- Definition Actual Expenses (Regular Method):
- Dictionary The method of deducting automobile expenses based on actual costs incurred advance payments what is.
- 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 advance payments meaning.
How works Advance Payments meaning in Tax definitions A .
