What ANNUALIZED INCOME means: The actual income and expenditures for a particular period multiplied by the ratio of 12 to the number of months in the period. For example, if annualizing the income for the period January 1 though May 31, multiply the income for the period by 2.4 (12 divided by 5).
- Definition Accounting Period:
- Dictionary 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 annualized income definition.
- Definition Actual Expenses (Regular Method):
- Dictionary The method of deducting automobile expenses based on actual costs incurred annualized income explain.
- Definition Average Basis:
- Dictionary A method of figuring basis that can be used only for sales of regulated investment company (including mutual fund) shares. The taxpayer can choose either the single-category or double-category method annualized income what is.
- Definition Active Participation:
- Dictionary involvement in the management of residential rental real estate property that allows the landlord to deduct annually up to $25,000 of losses from the rental of such property. You are generally annualized income meaning.
How works Annualized Income meaning in Tax definitions A .