Tax definitions R
- What is means Alien Resident Definition in the United States and/or has resident status by law or visa, or passes the substantial presence test compare definition
- What is means Repairs Explain business-use property in good operating condition that do not significantly add to the value of the property or extend its useful life why definition
- What is means Property Real What is Also known as real estate, includes land, buildings, and their structural components how better definition
- What is means Repossession Meaning Taking possession of property that was earlier sold on an installment contract because the buyer defaults on payment of the debt when definition
- What is means Recapture Abbreviation or excluded amount in gross income or tax liability. Recapture may be applicable to accelerated depreciation, cost recovery, amortization determines definition
- What is means Credit Refundable How to A credit for which the IRS will send the taxpayer a refund for any amount in excess of the taxpayer's tax liability comparing to definition
- What is means Period Recovery Help The period of years over which the cost of business assets is written off under ACRS or MACRS depends on definition
- What is means Return of Capital Distribution Crossword distribution that is not from the corporation's earnings and profits. The distribution is not taxable, but reduces the basis of the which definition
- What is means Regular Method (Automobile Expenses) Examples taxpayer's vehicle based on actual cost of gas, oil, repairs, tires, washing, etc. plus a deduction for depreciation difference definition
- What is means Realized Gain or Loss Encyclopedia The difference between the amount received upon the sale or other disposition of property and the adjusted basis of the property when definition
- What is means Interest Royalty Information about 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 pros and cons definition
- What is means Recovery Tutorial expense paid in a previous year that is later refunded to the taxpayer. The recovered amount must usually be included in income in the similarities definition
- What is means Dividends Reinvested Error accepted as additional shares of stock rather than as cash. They are taxable in the year constructively received how much definition
- What is means Railroad Retirement Tax Act Answer The law that provides for railroad retirement benefits how many definition
- What is means Depreciation Of Recapture Means what generally is taxed as ordinary income up to the amount of depreciation claimed (for personal property) and to the extent of the excess of compare definition
- What is means Regulations Description 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 why definition
- What is means Feature Refund Definition annuitant and/or his or her survivors are guaranteed to receive an amount under the annuity at least eqaul to the amount paid for the how better definition
- What is means Income Rental Explain allowing another person's use of the taxpayer's property. Rental income includes advance rental payments, late payments, and when definition
- What is means Ira Roth What is introduced in 1998, are not deductible. Earnings grow tax free and qualified withdrawals are also tax free determines definition
- What is means Royalty Meaning exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation comparing to definition
- What is means Recognized Gain or Loss Abbreviation The portion of realized gain or loss that is subject to income taxation depends on definition
- What is means Right How to shareholder to buy additional shares at a special price for a limited time. Shareholders who don't use their rights can sell them to which definition
- What is means Regulated Investment Company (Mutual Fund) Help capital to invest in other companies. The two principal types are closed-end and open-end mutual funds. Shares in closed-end mutual funds difference definition
- What is means Rollover Crossword plan distribution to another employer plan or to a traditional IRA, or the tax-free transfer from one IRA to another or to an eligible when definition
- What is means Property Recovery Examples Recovery property is a term used to describe property that is eligible to be depreciated under either ACRS or MACRS. See ACRS and MACRS pros and cons definition
- What is means Recharacterization Encyclopedia Recharacterization is the process of changing the character of a traditional IRA contribution to a Roth IRA contribution or vice versa similarities definition
- What is means Cost Of Recovery Information about received--usually a factor only in income from sales of items purchased for resale, income from sales of property, and income from pensions how much definition
Tax explained and meaning
What does it do? Descriptio of tax definitions.
Define Recovery of Cost definition Recharacterization explain Recovery Property what is Rollover meaning Regulated Investment Company (Mutual Fund) abbreviation Right. definition.
Explain Resident Alien definition Repairs explain Real Property what is what.