What RAILROAD RETIREMENT TAX ACT means: The law that provides for railroad retirement benefits.
- Definition Recovery Of Cost:
- Dictionary paid for income received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions or annuities. The portion of income that railroad retirement tax act definition.
- Definition Recapture:
- Dictionary The inclusion of a previously deducted or excluded amount in gross income or tax liability. Recapture may be applicable to accelerated depreciation, cost recovery, amortization, and various credits railroad retirement tax act explain.
- Definition Refundable Credit:
- Dictionary A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability railroad retirement tax act what is.
- Definition Realized Gain Or Loss:
- Dictionary The difference between the amount received upon the sale or other disposition of property and the adjusted basis of the property railroad retirement tax act meaning.
How works Railroad Retirement Tax Act meaning in Tax definitions R .
