What SECTION (FOLLOWED BY A NUMBER) means: The section of the tax Code in which particular laws are given.
- Definition Section 179 Expense Deduction:
- Dictionary treat the cost of certain qualified property as a currently deductible expense rather than as a capital expenditure. This is also referred to as expensing. See Form 4562 for the current dollar limits section (followed by a number) definition.
- Definition Section 1250:
- Dictionary is sold, gain must be recaptured as ordinary income to the extent of the depreciation claimed in excess of straight line. Section 1250 is the section of the Internal Revenue Code that requires this section (followed by a number) explain.
- Definition Support:
- Dictionary provided on behalf of an individual. Support includes food, lodging, and other necessities as well as recreation and other nonessential expenditures. Support is not limited to necessities and can be section (followed by a number) what is.
- Definition Section 125 Plan:
- Dictionary See Cafeteria Plan section (followed by a number) meaning.
How works Section (followed by a number meaning in Tax definitions S .
