Tag: AM

  • Amended Return

    About Amended Return: Amended Return is revised (of the original) tax return that has been filed which needs corrections made to it. It is filed on Federal tax Form 1040X (check here if the Form is current, but this Form has been current for many years), to correct or supplement an error on a […]

  • Amount Realized

    Amount Realized means:the amount received by a taxpayer on the sale or other disposition of property. It includes the sum of cash, fair market value of any property or services received, and any debt assumed by the buyer. Former IRC (check if this IRC provision is current here) […]

  • Amortization

    Amortization may have one of the following meanings, depending the context of the term: 1. the systematic write-off of costs incurred to acquire an intangible asset, such as patents, copyrights, and organization expenses, over its useful life. Former IRC (check if this IRC provision is current […]

  • Amount Recognized

    Description and Definition of Amount Recognized Amount recognized is the amount of gain reportable and subject to tax. On certain tax-free exchanges of property, gain is not recognized in the year it is realized. Resources See Also Further Reading Amount Recognized in the West's Tax Law […]

  • Amortizable Bond Premium

    Description and Definition of Amortizable Bond Premium An Amortizable Bond Premium is the amount paid over the face value of the bond. You reduce your taxable bond interest by your bond premium amortization amount each year until the bond matures. Resources See Also Further Reading […]

  • American Housing Rescue and Foreclosure Prevention Act of 2008

    American Housing Rescue and Foreclosure Prevention Act of 2008 On July 26, 2008, Congress passed the American Housing Rescue and Foreclosure Prevention Act of 2008. President Bush signed the measure into law on July 30. The legislation, H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act, would help stem the tide of foreclosures, stabilize…

  • American Institute of Certified Public Accountants

    American Institute of Certified Public Accountants means:an organization, headquartered in New York, whose members are certified public accountants (CPAs). The AICPA prepares the CPA examination and provides educational and newsworthy information to its members. CPAs may prepare tax returns, rep…

  • American Employer

    American Employer means:an individual who is a resident of the United States (including the Commonwealth of Puerto Rico and the U.S. Virgin Islands); a partnership in which two-thirds or more of the partners are residents of the United States; a trust in which all the trustees are residents of t…

  • American Federal Tax Reports

    American Federal Tax Reports means:(in the case of the Second Series) bound volumes previously published by Prentice-Hall, Inc., and later issued by Research Institute of America (RIA). Tax decisions other than U.S. Tax Court decisions were available weekly from RIA, and at regular intervals the…