Tax definitions G
- What is means General Straight-Line Depreciation System Describe A MACRS system of depreciation using the straight-line method over the normal MACRS recovery period for the asset
- What is means Tax Gift Describe on the value of gifts exceeding a specified amount, which is indexed for inflation. For the current amount, see IRS Publication 950 or Form
- What is means Income Gross Describe form of money, property, or services that is subject to tax unless specifically exempt or excluded by law
- What is means Rule General Describe The method of determining the taxable part of a pension used when the taxpayer is not eligible to use the simplified method
- What is means System Depreciation General Describe computing MACRS depreciation. Personal property is depreciated using the declining-balance method (double or 150 percent, depending on the
- What is means Gift Describe or entity to another without consideration or compensation. For income tax purposes, the words "gift" and "contribution"
- What is means Parachute Golden Describe corporation with its top executives to make payments to the executives in the event of a change in corporate control. Such payments are
- What is means Goodwill Describe Goodwill is the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor
- What is means Government Bonds Issued at a Discount Describe and EE) are issued at a discount and do not pay interest during the life of the bond. Instead, the bonds are redeemable at increasing
- What is means Group Term Life Insurance Describe employer for a group of employees. Such insurance is renewable on a year-to-year basis and does not accumulate in value; that is, no cash
- What is means Gain Describe The excess of the amount realized from a sale or exchange over the adjusted basis of the property sold or exchanged
- What is means Rents Gross Describe Total income from rents before expenses or the depreciation or cost recovery deduction
Tax explained and meaning
What does it do? Descriptio of tax definitions.
Define Gross Rents, Gain, Group Term Life Insurance, Government Bonds Issued At A Discount, Goodwill, Golden Parachute, Gift, General Depreciation System, General definition.
Explain Gross Rents, Gain, Group Term Life Insurance, Government what.