What PASSIVE INCOME means: Passive income is income from business activities in which the taxpayer does not materially participate, and most rental activities. See also Material Participation and Portfolio Income.
- Definition Public Retirement System:
- Dictionary A retirement system established by the United States, a state, territory, or possession of the United States, or their political subdivisions passive income definition.
- Definition Physical Custody:
- Dictionary The taxpayer with whom a child lives is considered to have physical custody passive income explain.
- Definition Principal Place Of Business:
- Dictionary where work is performed or business is transacted. Taxpayers who engage in more than one business can have more than one principal place of business. For purposes of the home-office deduction, a passive income what is.
- Definition Penalties:
- Dictionary amounts that the IRS may assess at a statutory rate as an addition to a tax deficiency and interest. The tax Code provides for penalties for various infractions, such as underpayment of estimated tax passive income meaning.
How works Passive Income meaning in Tax definitions P .
