Tax definitions H
- What is means Withdrawal Hardship Describe section 403(b), or section 457 plan that is permitted when the plan participant has an immediate and heavy financial need and the
- What is means Expenses Office Home Describe residence used for business or employment-related purposes. Several restrictions limit the deduction for home-office expenses
- What is means Period Holding Describe owned for income tax purposes. The holding period determines if gain or loss from the sale or exchange of a capital asset is long or short
- What is means Household Of Head Describe taxpayer (or taxapyer who is considered unmarried) who pays over half the cost of maintaining his home that is the principal residence for
- What is means Loss Hobby Describe A nondeductible loss arising from a personal hobby as contrasted with a loss arising from an activity engaged in for profit
- What is means Employee Household Describe services for the taxpayer in or around the taxpayer's home. Such services include child and dependent care, house cleaning, cooking
- What is means Expenses Household Describe child is a dependent if the person who wants to claim the dependent provides over half the support and meets other tests. The dependent
- What is means Wife And Husband Describe entitles a couple to file a joint income tax return. For the purpose of joint returns, common-law marriages are recognized only if the
- What is means Credit Scholarship Hope Describe per qualified student for tuition and fees paid for the first two years of post-secondary education. Students attending school in the Gulf
- What is means Hybrid Method of Accounting Describe A combination of accounting methods, usually of the cash and accrual methods
Tax explained and meaning
What does it do? Descriptio of tax definitions.
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