What COMMUNITY PROPERTY means: Property considered 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, Washington, and Wisconsin.
- Definition Casualty Loss:
- Dictionary complete or partial destruction of property resulting from an identifiable event of a sudden, unexpected, or unusual nature. Examples are floods, storms, fires, earthquakes, and auto accidents community property definition.
- Definition Child Support Payments:
- Dictionary to a court order, divorce decree, or other legal obligation for the support of a taxpayer's child. Payments for child support do not constitute alimony and are not includible in gross income by community property explain.
- Definition Cost Method Of Inventory Valuation:
- Dictionary Valuing inventory purchased during the year at cost; that is, the invoice price less any discounts plus transportation or other costs incurred in acquiring the merchandise community property what is.
- 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 community property meaning.
How works Community Property meaning in Tax definitions C .
