Category: C

  • Consolidated Appropriation

    Consolidated Appropriation Act, 2014 Issue You may find information about Consolidated Appropriation Act, 2014 in this Tax Platform of the American Encyclopedia of Law.

  • Cost-of-Living Allowance

    Description and Definition of Cost-of-Living Allowance (COLA) A raise paid by your employer for increased living expenses. Hardship pay for employees sent to live and work in expensive places. Resources See Also Further Reading Cost-of-Living Allowance (COLA) in the West's Tax Law […]

  • Cancellation of Debt

    Description and Definition of Cancellation of Debt Forgiveness of a debt without payment or consideration. Cancellation of debt is taxable as income to the debtor unless the creditor intended it as a gift or it meets certain exceptions relating to bankruptcy, insolvency, or farming. Resources […]

  • Constructive Receipt

    About Constructive Receipt: Constructive Receipt of Income is a doctrine under which a taxpayer is required to include in gross income amounts that, though not actually received, are deemed to have been received during the tax year. Thus income is constructively received when it is credited […]

  • Child

    Child means:an individual who is a son, daughter, stepson, or stepdaughter of a taxpayer. See also qualifying person. Former IRC (check if this IRC provision is current here) § 151(c)(3). Description and Definition of Child For income tax purposes, your child is your son, stepson, […]

  • Commuting Expense

    The Commuting Expense are. expense incurred while commuting between one's home and one's place of employment; commuting expense is not deductible. An exception is allowed for an individual with a regular place of business who must commute to a temporary place of business. Also, a […]

  • Canal Zone

    Canal Zone Issue You may find information about Canal Zone in this Tax Platform of the American Encyclopedia of Law.

  • Contributions Credit

    Retirement Savings Contributions Credit Issue You may find information about Retirement Savings Contributions Credit in this Tax Platform of the American Encyclopedia of Law.

  • Common Stock

    Common Stock means:security representing an ownership interest in a corporation. Ownership may also be shared with preferred stock, which has prior claim on any dividends to be paid and, in the event of liquidation, to the distribution of the corporation's assets. Dividends from […]

  • Collectible

    Collectible means:a rare object collected by investors. Examples are stamps, coins, Oriental rugs, antiques, baseball cards, and photographs. Collectibles typically rise in value during inflationary periods. Collectibles are not valid investments for individual retirement accounts or […]