What CORPORATION means: For income tax purposes, an entity that is incorporated under the laws of a state, a foreign entity that is treated as a corporation under IRS regulations, or an unincorporated entity that elects to be taxed as a corporation by filing Form 8832.
- Definition Common-Law State:
- Dictionary A state in which the laws governing property rights are based on British common law. The property and income of each spouse belongs to him or her separately corporation definition.
- Definition Capital Gain:
- Dictionary The gain from the sale or exchange of a capital asset corporation explain.
- Definition Capital Expenditure:
- Dictionary for an asset with a useful life of more than one year that increases the value of or extends the useful life of the asset. Capital expenditures generally may not be deducted in the year they are corporation what is.
- Definition Constructive Receipt:
- Dictionary taxpayer is taxed on income only as it is received. But if the income was unreservedly subject to his or her demand and he or she could have received it but chose not to do so, it is regarded as corporation meaning.
How works Corporation meaning in Tax definitions C .
