Tax definitions P

What is means Permanent and Total Disability Definition individual from engaging in any substantial gainful activity because of a medically determined physical or mental impairment that is compare definition
What is means Points Explain paid for the use of money) that a buyer generally may deduct as interest. This amount can generally be deducted in full if paid for the why definition
What is means Taxes Production What is Taxes levied by state governments on the value or quantity of production or extraction of natural resources how better definition
What is means Property Use Personal Meaning Property that is not used for business or investment purposes when definition
What is means System Retirement Public Abbreviation United States, a state, territory, or possession of the United States, or their political subdivisions determines definition
What is means Income Passive How to activities in which the taxpayer does not materially participate, and most rental activities. See also Material Participation and Portfolio comparing to definition
What is means Income Portfolio Help for the passive loss rules. Portfolio income includes dividends, interest, capital gains from property that produces portfolio income, and depends on definition
What is means Expenses Personal Crossword those for business or investment purposes. Personal expenses are not deductible unless specifically allowed under the tax law. Two examples which definition
What is means Interest Prepaid Examples only as it accrues. The one exception to this rule is for certain points paid by a cash-basis taxpayer to obtain financing for a loan used difference definition
What is means Expenses Prepaid Encyclopedia paid in advance. Cash-basis as well as accrual-basis taxpayers usually are required to capitalize prepayments for rent, insurance, etc when definition
What is means Property Personal Information about Generally, all property other than real estate pros and cons definition
What is means Penalties Tutorial may assess at a statutory rate as an addition to a tax deficiency and interest. The tax Code provides for penalties for various infractions similarities definition
What is means Partnership Error persons join their money and skills in conducting the business. Partnerships must file a return but are not subject to tax. Each partner how much definition
What is means Pensions Answer A pension is a definitely determinable series of payments received from an employer-provided plan after the employee retires how many definition
What is means Tax Property Personal Means what An annual tax imposed on certain personal property, such as cars or boats, and based on the value of the property compare definition
What is means Residence Principal Description home in which a taxoayer lives most of the time. A taxpayer who sells a principal residence that he or she owned and lived in for at least why definition
What is means Personal and Dependent Exemptions Definition each taxpayer and spouse (if a joint return is filed) who is not eligible to be claimed as a dependent on another taxpayer's return how better definition
What is means Proprietor Explain The sole owner of a trade or business when definition
What is means Depletion Percentage What is is a specified percentage of the gross income from the property, subject to other limits. Percentage depletion is allowed for nearly all determines definition
What is means Principal Place of Business Meaning or business is transacted. Taxpayers who engage in more than one business can have more than one principal place of business. For purposes comparing to definition
What is means Custody Physical Abbreviation The taxpayer with whom a child lives is considered to have physical custody depends on definition
What is means Pension How to generally) a definite amount for a specified period (usually life) from an employer-funded plan to workers who have met the stated which definition
What is means Pension/Annuity Starting Date Help The first day of the first period for which an amount is due as a pension/annuity payment under the contract difference definition
What is means Patent Crossword make, use, or sell his invention for a period of years. A patent is an intangible asset that may be depreciated over its remaining life when definition
What is means Payments Principal Examples The portion of a loan payment that reduces the outstanding balance of the loan pros and cons definition
What is means Proprietorship Encyclopedia An unincorporated business owned by one person. The business owner may have employees working for him or her similarities definition
What is means Pensions Taxable Partly Information about employee made after-tax contributions. Once the employee recovers his cost, the pension becomes fully taxable how much definition
What is means Penalty for Underpayment of Estimated Tax Tutorial this penalty if the tax is $1,000 or more and the taxpayer did not prepay on a timely basis at least the smaller of (1) 90% of the current how many definition

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What does it do? Descriptio of tax definitions.

Define Penalty for Underpayment of Estimated Tax definition Partly Taxable Pensions explain Proprietorship what is Principal Payments meaning Patent abbreviation. definition.

Explain Permanent and Total Disability definition Points explain Production what.