What NONTAXABLE INCOME means: Income that is by law exempt from tax.
- Definition Net Operating Loss (NOL):
- Dictionary loss for the year attributable to business or casualty losses. Depending on the nature of the loss, it may be carried back for two, three, or five years before the year of the loss. The loss is nontaxable income definition.
- Definition Noncustodial Parent:
- Dictionary The noncustodial parent is the parent who does not have physical custody of the child or who has custody of the child for the samller part of the year nontaxable income explain.
- Definition Necessary:
- Dictionary An expense that is appropriate and helpful in furthering the taxpayer's business or income-producing activity. See also Ordinary defined elsewhere in this glossary nontaxable income what is.
- Definition Nonrecourse Debt:
- Dictionary Nonrecourse debt is debt for which the borrower is not personally liable. If the borrower defaults, the lender can take the property used to secure the loan, but no other property of the borrower nontaxable income meaning.
How works Nontaxable Income meaning in Tax definitions N .
