What ROYALTY INTEREST means: An interest in the oil and gas in place that entitles the holder to a specified fraction, in kind or in value, of the total production from the property, free of any expense of development and operation.
- Definition Regular Method (Automobile Expenses):
- Dictionary A deduction for business use of the taxpayer's vehicle based on actual cost of gas, oil, repairs, tires, washing, etc. plus a deduction for depreciation royalty interest definition.
- Definition Realized Gain Or Loss:
- Dictionary The difference between the amount received upon the sale or other disposition of property and the adjusted basis of the property royalty interest explain.
- Definition Repossession:
- Dictionary Taking possession of property that was earlier sold on an installment contract because the buyer defaults on payment of the debt royalty interest what is.
- Definition Regulations:
- Dictionary 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 royalty interest meaning.
How works Royalty Interest meaning in Tax definitions R .
