What ROYALTY means: A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation.
- Definition Resident Alien:
- Dictionary A citizen of another country who lives in the United States and/or has resident status by law or visa, or passes the substantial presence test royalty definition.
- Definition Royalty Interest:
- Dictionary oil and gas in place that entitles the holder to a specified fraction, in kind or in value, of the total production from the property, free of any expense of development and operation royalty explain.
- Definition Regulations:
- Dictionary Commissioner publishes his interpretation of the tax Code in the form of regulations. They do not have the force and effect of law except in those cases in which the law on a particular subject calls royalty what is.
- 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 royalty meaning.
How works Royalty meaning in Tax definitions R .
