What REGULATIONS means: The IRS Commissioner publishes his interpretation of the tax Code in the form of regulations. They do not have the force and effect of law except in those cases in which the law on a particular subject calls for rules on that subject to be expounded through regulations.
- Definition Recovery Property:
- Dictionary Recovery property is a term used to describe property that is eligible to be depreciated under either ACRS or MACRS. See ACRS and MACRS regulations definition.
- Definition Recapture Of Depreciation:
- Dictionary property is sold, gain generally is taxed as ordinary income up to the amount of depreciation claimed (for personal property) and to the extent of the excess of accelerated depreciation claimed over regulations explain.
- Definition Royalty:
- Dictionary A payment received for the right to exploit a taxpayer's ownership of natural resources or a taxpayer's literary, musical, or artistic creation regulations what is.
- Definition Recovery Period:
- Dictionary The period of years over which the cost of business assets is written off under ACRS or MACRS regulations meaning.
How works Regulations meaning in Tax definitions R .
