What PREPAID EXPENSES means: Prepaid expenses are expenses that are paid in advance. Cash-basis as well as accrual-basis taxpayers usually are required to capitalize prepayments for rent, insurance, etc. that cover more than one year. Deductions are taken for the period during which the benefits are received.
- Definition Portfolio Income:
- Dictionary Portfolio income is not passive income for the passive loss rules. Portfolio income includes dividends, interest, capital gains from property that produces portfolio income, and royalties prepaid expenses definition.
- Definition Proprietor:
- Dictionary The sole owner of a trade or business prepaid expenses explain.
- 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 prepaid expenses what is.
- Definition Pension/Annuity Starting Date:
- Dictionary The first day of the first period for which an amount is due as a pension/annuity payment under the contract prepaid expenses meaning.
How works Prepaid Expenses meaning in Tax definitions P .
