Tag: CO
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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 […]
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Corporation
Corporation means:a legal entity, generally chartered by a state and separate and distinct from the persons who own it, giving rise to a jurist's remark that it has "neither a soul to damn nor a body to kick." Nonetheless, it is regarded by the courts as an artificial […]
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Combat Zone
Description and Definition of Combat Zone A geographical area designated by the President of the United States as a combat zone. Members of the armed forces can exclude from taxable income military pay that they earn while working in a combat zone. Resources See Also Further Reading Combat […]
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Cost of Goods Sold
About Cost of Goods Sold: Cost of Goods Sold (COGS) ia figure representing the cost of buying raw materials and producing finished goods. Included are clear-cut factors, such as direct factory labor, as well as others that are less clear-cut, such as overhead. U.S. and other Developed […]
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Coupon
Federal Tax Deposit Coupon Issue You may find information about Federal Tax Deposit Coupon in this Tax Platform of the American Encyclopedia of Law.
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COBRA
Description and Definition of COBRA The Consolidated Omnibus Budget Reconciliation Act of 1985. This law added requirements for health care continuation coverage upon termination of employment. Resources See Also Further Reading COBRA in the West's Tax Law Dictionary COBRA in "A […]
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Construction Interest Expense
Description and Definition of Construction Interest Expense This is interest that is incurred while a building is being built. This interest is not deductible in the year paid. It must be added to the basis of the building. Resources See Also Further Reading Construction Interest Expense in […]
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Corporate
Corporate inversion Issue You may find information about Corporate inversion in this Tax Platform of the American Encyclopedia of Law.
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College Credits
Description and Definition of College Credits These credits were first available in 1998 to help pay for the cost of college education. The Hope credit is worth up to $1,500 per year per student and is available for the first two years of vocational school or college. A lifetime learning […]
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Condemnation
Condemnation means:taking private property for public use with compensation to the owner. Condemnation is used by governments to acquire land for streets, parks, schools, and so on, and by utilities to acquire necessary property. Replacement of the asset with another of equal value […]