What ACTIVE PARTICIPANT means: A taxpayer who is covered by an employer-maintained qualified retirement plan, or a qualified self-employed retirement plan, if even for only one day during the year.
- Definition Accountable Plan:
- Dictionary reimbursing employees for expenses such as meals, entertainment, travel, and transportation incurred for business purposes on behalf of the employer. A plan is an accountable plan if the employer active participant definition.
- Definition At-Risk Rules:
- Dictionary limiting the taxpayer's deductible business, partnership, S corporation, or real estate loss to cash invested plus debt he or she is legally obligated to pay and the adjusted basis of any active participant explain.
- Definition Adjusted Gross Income (AGI):
- Dictionary Adjusted gross income equals gross income reduced by adjustments to income. This is the amount of income before subtracting exemptions and the standard deduction or itemized deductions active participant what is.
- Definition Amount Realized:
- Dictionary by a taxpayer on the sale or exchange of property. The amount received is the sum of the cash and the fair market value of any property or services plus any of the seller's liabilities assumed active participant meaning.
How works Active Participant meaning in Tax definitions A .
