Tax

Category: K

  • 401 (k) Plan

    Description and Definition of 401(k) Plan A 401(k) Plan is a tax deferred savings plan which is authorized by section 401(k) of the Internal Revenue Code. Under Section 401(k) a percentage of your salary is withheld and placed in a savings account or the company's profit-sharing plan. Your […]

  • 401K Plan

    Solo 401K Plan Issue You may find information about Solo 401K Plan in this Tax Platform of the American Encyclopedia of Law.

  • Kiddie Tax

    Kiddie Tax means:the tax liability for children under age 14 on net unearned income (e.g., interest and dividend income) over $1,200 at their custodial parents' highest marginal tax rate. For 2010, this special tax imposes the parents' tax rate on investment income in excess of […]

  • Kids

    Gabriella Miller Kids First Research Act Issue You may find information about Gabriella Miller Kids First Research Act in this Tax Platform of the American Encyclopedia of Law.

  • Keogh Plan

    Keogh Plan means:a tax-deferred pension account designated for employees of unincorporated businesses or for persons who are self- employed either full or part time. For a defined-contribution Keogh plan, a person may contribute the lesser of $30,000 or 20% of self-employment income. A […]

  • Know-how

    About Know-how: All undivulged technical information, whether or not capable of being patented, that is necessary for the industrial reproduction of a product or process, i.e. knowing how a product is made or how a particular process works. Payments for know-how may be taxed as royalties in many cas…

  • Key Employee

    About Key Employee: for purposes of qualified retirement plan and cafeteria benefit. plan discrimination rules, an employee who, at any time during the plan year or any of the 4 preceding plan years is: 1. an officer of the employer having an annual compensation greater than $45,000, 2. one of the 1…

  • Ksob

    Ksob means:a cash or deferred arrangement pension plan in which an employer matches employee contributions. See also other Tax Terms and Definitions in U.S.A. Section 401(k) plan….