tax

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tax

a compulsory financial contribution imposed by a government to raise revenue, levied on the income or property of persons or organizations, on the production costs or sales prices of goods and services, etc.
References in periodicals archive ?
The proposed regulations also state that, since sections 1291 through 1297 are effective for taxable years beginning after December 31, 1986, a taxpayer must apply reasonable interpretations of the statute to these provisions.
The subordinate series 2006B-1 notes are taxable, 28-day auction rate securities.
Form 1120-POL is required to be filed two and one-half months after year-end by any political organization with taxable income greater than $100.
There also may be a benefit to making taxable gifts.
Following an "ownership change" that satisfies certain threshold requirements, section 382 generally limits the amount of taxable income that may be offset by operating losses arising prior to such ownership changes (so-called pre-change losses).
The 2006 proposed regulations generally determine the taxable income or loss of a Section 987 QBU by translating its income and loss items at the average exchange rate for the year.
In essence, they will be taxable to the plan participant, who must then claim an itemized income tax charitable deduction after the contribution.
The failure to properly determine and report the taxable amounts of awards or settlements can result in severe penalties to the payer.
Is this $10,000 buy down taxable in 2005 when they sold the purple duplex or in 2006 when they bought the New Property?
Clothing and other Taxable Tax on 2nd hand value goods from
People with around 560,000 in mutual funds may have to recognize as much as $8,000 in taxable income in a given year," says Percy Bolton, an investment management consultant in Los Angeles who has been recognized by Worth magazine as one of America's best financial advisors.
Profits on the sale of your home is not taxable if you buy and live in another house within two years and the price of the new home must be the same or more than the adjusted sales price of the old residence.