What SAFE HARBOR means: Tax regulations that allow a (usually) simpler method of determining a tax consequence than is available following the precise language of the Code or regulations. An example is the simplified method for determining the taxable portion of pension distributions.
- Definition Statutory Employee:
- Dictionary treated as an employee for social security and Medicare tax purposes and as self-employed for income tax purposes. The "Statutory employee" box on such a worker's Form W-2 should be safe harbor definition.
- Definition Section 125 Plan:
- Dictionary See Cafeteria Plan safe harbor explain.
- Definition Simplified Method:
- Dictionary The most common method of computing the taxable portion of a pension received from a qualified employer plan safe harbor what is.
- Definition Section 1250:
- Dictionary is sold, gain must be recaptured as ordinary income to the extent of the depreciation claimed in excess of straight line. Section 1250 is the section of the Internal Revenue Code that requires this safe harbor meaning.
How works Safe Harbor meaning in Tax definitions S .
