taxpayer

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taxpayer

A building, often temporary, which yields a minimal return on investment, usually little more than real estate taxes.
References in periodicals archive ?
Even though the Vines decision was taxpayer-favorable, not all taxpayers will be able to obtain extension relief for late MTM elections.
In general, taxpayers recognize all gains on the sale of property, including homes.
Because of this retroactive effective date, taxpayers do not have the option of applying rules in Notice 2005-14 that are contrary to the changes made by the Technical Corrections Act.
Taxpayers may be exempt from paying the application fee if they meet one of two criteria: the Offer in Compromise is submitted based solely on doubt as to liability or the taxpayer's total monthly income falls at or below income levels based on the Department of Health and Human Services poverty guidelines.
Ben Duncan, SBSE deputy area counsel, said the service was unlikely to pursue criminal charges against taxpayers who voluntarily come forward.
They also ensure that the case is processed quickly, giving taxpayers an almost immediate decision and ensuring that third parties hold the taxpayer's property no longer than necessary.
Subject to the W-2 wage limitation, taxpayers are entitled to a production deduction equal to three percent of the lesser of QPAI or taxable income in 2005 and 2006.
This process is called exchange first because the exchange of the properties, with respect to exchanging taxpayers, is the first step.
If the purchase price is lower than anticipated, resulting in additional gain, taxpayers should report this income by amending the gain(election)-year return.
Many taxpayers using the IPIC pooling method may have limited their LIFO elections to only a portion of their inventory.
The regulations' heavy reliance on lists, specific categories, and detailed examples suggests that rather than invite another round of controversy on the proper interpretation to be given to a new set of general principles, the government chose to simply tell agents and taxpayers the specific costs that are to be capitalized.
Revenue procedure 2001-10 allowed certain accrual-basis taxpayers to convert to the cash basis as long as their average annual gross receipts for the prior three years was no more than $1 million.