What EXTENSION means: A provision thta allows additional time to perform an act required by the tax law or by regulation. The term is used most often when referring to an extension to file the tax return, but it also applies to extensions for making available elections.
- Definition Excluded Gain:
- Dictionary gain realized on a sale that will never be taxed. The most common situtation in which this occurs is for qualifying sales of principal residences. Other gains that may be excluded in whole or in part extension.
- Definition Excess Social Security Tax Withheld:
- Dictionary worked for more than one employer during the calendar year and more than a specified amount of social security tax is withheld, the excess of the amount withheld over that amount is treated as a tax extension.
- Definition Estimated Tax:
- Dictionary The amount of tax a taxpayer expects to owe for the year after subtracting expected amounts withheld and the amount of any expected credits extension.
- Definition Energy Tax Credit--Business Property:
- Dictionary An energy tax credit allowed for the purchase of certain business-use property utilizing solar, geothermal, or biomass energy. New provisions allow credits for certain coal and gasification projects extension.
How works Extension meaning in Tah definition E .
