What CLOSED YEAR means: A tax year for which the statute of limitations has expired. The taxpayer can't claim a refund and the IRS can't collect additional taxes (with certain exceptions).
- Definition Community Property:
- Dictionary to belong in equal shares to a husband and wife. This concept of ownership for property acquired after marriage is followed in Arizona, California, Idaho, Louisiana, New Mexico, Nevada, Texas closed year definition.
- Definition Cafeteria Plan:
- Dictionary employer offers a choice of salary or specified nontaxable fringe benefits from which participating employees may select. The plan may be funded with employer contributions, employee contributions closed year explain.
- Definition Capitalize:
- Dictionary To treat the cost of additions and improvements to property as a capital improvement or expenditure closed year what is.
- Definition Certificate:
- Dictionary The actual piece of paper that is evidence of ownership of stock in a corporation closed year meaning.
How works Closed Year meaning in Tax definitions C .
