Tag: FR
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Fringe Benefits
Fringe Benefits means:indirect deductible compensation provided to an employee, usually including health and life insurance as well as a pension. Benefits supplementing normal wages or salaries. Although benefits were initially quite minimal, they have subsequently become among the […]
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Fringe Benefit
Description and Definition of Fringe Benefit Employee benefits such as health insurance, life insurance, pension plans, dental insurance, vision care, and group legal plans. Most fringe benefits are deductible by your employer and tax free to you. The cost of $50,000 of life insurance is a […]
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Free Transferability of Interest
Free Transferability of Interest is. one of four unique characteristics of a corporation, which is present if some owners have the power, without the consent of other owners, to substitute for themselves a person who is not a member of the organization. Former Tax Regulation (check <a href="http://l…
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Freeze
Freeze may have one of the following meanings, depending the context of the term: 1. a provision of the Social Security disability program under which a blind person who is able to work, has “substantial” earnings, and does not qualify for Social Security disability benefits will not have future ben…
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Frivolous Return Penalty
Frivolous Return Penalty means:a $500 penalty imposed on an individual who files a tax return that either does not contain information on which the substantial correctness of the self-assessment may be judged, or contains information that on its face shows that the self-assessment is incorrect, …
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Fraud Penalty
Fraud Penalty means:a penalty assessed at 15% per month up to a maximum of 75% of any underpayment of tax due to fraud. Former IRC (check if this IRC provision is current here) §6651(b)….
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Front-end Load
Front-end Load means:a sales charge applied to an investment at the time of purchase, which is added to the tax basis of the investment….
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Frivolous Position
Frivolous Position means:a tax position of a taxpayer that is knowingly advanced in bad faith and is patently improper….
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Franchise
Franchise means:an arrangement between a franchisor and a franchisee other than a sports franchise) whereby the franchisee uses the company name of the franchisor and is provided specific business services in exchange for a franchise fee. The fee is usually an initial purchase requirement plus a…
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Frozen Deposit
Frozen Deposit means:an account from which the owner is unable to withdraw funds because (1) the financial institution is bankrupt or insolvent, or (2) the state has placed limits on withdrawals because other banks are bankrupt or insolvent….