Tag: DI

Disability Program is. one of five programs in the Social Security system, under which monthly payments are made to a disabled worker who has earned enough Social Security credits. Other family members of a qualifying worker may also receive payments under the disability program….

Discount Bond means:a bond offered below face value. See also other Tax Terms and Definitions in U.S.A. bond discount; original issue discount; zero-coupon bond….

Distribution may have one of the following meanings, depending the context of the term: 1. a payout of cash or property from a corporation to a shareholder. Examples include dividends, stock redemptions, partial liquidations, liquidations, corporate reorganizations, and other corporate transactions….

Disproportionate Distribution means:a distribution in which some shareholders receive cash or other property and others receive increased proportionate interests in the assets or the earnings and profits of the corporation. A disproportionate distribution of stock or stock rights is taxable inco…

Disqualified Distribution means:a distribution in which any person, immediately after a divisive reorganization, holds a 50% or greater interest in either the parent company or a distributed subsidiary in which the interest consists of disqualified stock. Former IRC (check <a href="http://lawi.u…

Diary means:a daily, written record of occurrences, experiences, observations, or thoughts. For example, a taxpayer should keep a diary of the miles driven for business purposes….

District Court means:a court that hears civil actions against the United States for the recovery of any tax alleged to have been erroneously or illegally assessed or collected by the U.S. Internal Revenue Service. Trial by jury is available at the preference of either the petitioner (the taxpaye…