Tag: AP

  • Applicable Federal Rate

    Applicable Federal Rate means:an interest rate determined monthly and based on the rate paid by the federal government on borrowed funds. An AFR is provided for short-term, mid-term, and long-term debt. If a seller-financed mortgage provides a rate that is less than the AFR, interest […]

  • Applicable Exclusion Amount

    Applicable Exclusion Amount Issue You may find information about Applicable Exclusion Amount in this Tax Platform of the American Encyclopedia of Law.

  • Appreciation in Value

    Description and Definition of Appreciation in Value Appreciation in Value is the increase in the value of an asset which is due to economic and other conditions, as distinguished from increases in value due to improvements or additions made to it. When you sell appreciated property, you pay […]

  • Applicable Federal Rates

    Applicable Federal Rates Applicable Federal Rates for 2016 Short Term Rates for Jan. (2016): Annual: 0.75% ; Semiannual: 0.75% ; Quarterly: 0.75% ; Monthly: 0.75% Short Term Rates for Feb. (2016): Annual: 0.81% ; Semiannual: 0.81% ; Quarterly: 0.81% ; Monthly: 0.81% Short Term Rates for March (2016): Annual: 0.65% ; Semiannual: 0.65% ; Quarterly:…

  • Appellate Court

    . Appellate Court (appeals Court) It is a court having authority to review the law applied by a lower court in the same case. In most instances, the trial court first decides a lawsuit, with review of its decision then available in an appellate court. Examples of appellate courts are the U.S. Cour…

  • Apportionment

    Apportionment may have one of the following meanings, depending the context of the term: 1. Federal) The U.S. Internal Revenue Service (IRS) can reallocate or reapportion items of income or expense between or among related taxpayers if the…

  • Apartment

    Apartment means:a dwelling unit within a multifamily structure, generally provided as rental housing. Apartments are normally subject to more favorable depreciation tax rules than other forms of commercial real estate. See Depreciation in the United States …

  • Appraisal

    Appraisal means:a professional opinion or estimate of the value of a property. For example, an owner may have an appraisal made of a specific property to determine a reasonable offering price in a sale, to determine the value at gift or death for estate or gift tax purposes, to allocate the purc…

  • Apartment Building

    Apartment Building means:a structure with individual apartment units but a common entrance and hallway. An apartment building may have stores in it, for example, on the ground floor. Generally, when 80% or more of the revenue is received from residential rental units, the entire building may be …

  • Apostolic Or Religious Association

    Apostolic Or Religious Association means:an association that is generally exempt from income taxation provided that it has a common treasury. If it engages in business activities, it may still be tax exempt, but the members must report their shares of the income on their personal tax returns, wh…