What CONVERTIBLE means: A bond or preferred stock that may, under specified conditions, be exchanged for common stock or another security, usually of the same corporation.
- Definition Community Income:
- Dictionary couple, living in a community property state, that is considered to belong equally to each spouse, regardless of which spouse receives the income. The community property states are Arizona convertible definition.
- Definition Cash Equivalent Doctrine:
- Dictionary basis taxpayer does not report income until cash is constructively or actually received. Under the cash equivalent doctrine, cash-basis taxpayers are required to report income if the equivalent of convertible explain.
- Definition Carryback/Carryover:
- Dictionary Provisions in the tax Code that allow certain losses or credits to be used in a tax year other than the tax year incurred. A carryover is to a future year. A carryback is to a prior year convertible what is.
- Definition Closed Year:
- Dictionary 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 convertible meaning.
How works Convertible meaning in Tax definitions C .
