What SECTION 1245 means: When depreciable personal property is sold, gain must be recaptured as ordinary income up to the amount of depreciation claimed. Section 1245 is the Internal Revenue Code section that requires this treatment. Also see "Recapture of Depreciation.".
- Definition Social Security Tips:
- Dictionary The amount of tips reported to an employer by an employee that is subject to this tax. Tips are also subject to Medicare tax section 1245 definition.
- Definition Self-Employed Individuals:
- Dictionary for themselves. They decide when, how, and where to work, obtain their own jobs or sales, pay their own expenses, and receive social security and Medicare coverage through payment of self-employment section 1245 explain.
- Definition Section 125 Plan:
- Dictionary See Cafeteria Plan section 1245 what is.
- Definition Securities:
- Dictionary evidence of an interest in corporate stock or stock rights oran interest in any note, bond, debenture or other evidence of indebtedness issued by a government or corporation. For certain tax purposes section 1245 meaning.
How works Section 1245 meaning in Tax definitions S .
