What is rules churning anti meaning definition
Define Anti-Churning Rules facts. Notion of taking advantage of new laws by acquiring property.

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Anti-Churning Rules Definition

What ANTI-CHURNING RULES means: Laws designed to prevent taxpayers from taking advantage of new laws by acquiring property eligible for benefits available under the new law from a related party that was used by the related property before the effective date of the new law. The term was first used when ACRS (Accelerated Cost Recovery System) was enacted in 1981. The term also applies to property eligible for MACRS depreciation (defined elsewhere) and to section 197 intangibles (defined elsewhere).

Definition Accrued Interest:
Dictionary Interest that has been earned but not yet paid or credited; for example, for a bond on which interest is paid seminanually, interest earned during the six-month period in between payment dates anti-churning rules definition.
Definition Automobile Expenses:
Dictionary deduct automobile expenses only to the extent the automobile is used for business, for charitable purposes, for moving expense purposes, and for medical purposes. Expenses can be figured using the anti-churning rules explain.
Definition Advance Payments:
Dictionary Advance payments are prepayments for services or goods. They generally are includible in gross income upon receipt for both accrual- and cash-basis taxpayers anti-churning rules what is.
Definition Alternative Minimum Tax (AMT):
Dictionary computing tax under which some of the income and deductions reported on the forms and schedules filed with your tax return are figured differently or disallowed. For example, interest on certain tax anti-churning rules meaning.

How works Anti-Churning Rules meaning in Tax definitions A .

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