What INSOLVENCY means: A financial condition in which a taxpayer's total liabilities (debts owed) exceed the total fair market value of all his or her assets (cash and other property). A taxpayer is insolvent to the extent his or her liabilities exceed his or her assets.
- Definition Income:
- Dictionary income," in its broad sense, is the gain derived from capital, labor, or a combination of the two. It is distinguishable from the capital itself. Ordinarily, for income tax purposes, the word insolvency definition.
- Definition Imputed (Or Unstated) Interest:
- Dictionary certain long-term sales of property, the IRS has the authority to convert some of the gain from the sale into interest income if the contract does not provide for a minimum rate of interest to be insolvency explain.
- Definition Investment Interest:
- Dictionary Investment interest is interest paid on money borrowed to purchase or hold investment property. Investment interest is deductible as an itemized deduction to the extent of net investment income insolvency what is.
- Definition Interest Received:
- Dictionary An amount received for the use of money that is to be repaid in full at a specified time or on demand insolvency meaning.
How works Insolvency meaning in Tax definitions I .
