Tax

Tag: GO

  • Golden Parachute Arrangement

    Golden Parachute Arrangement means:a lucrative contract given to top executives of a company It provides lavish benefits in case the company is taken over by another firm, resulting in the loss of an executive's job. A golden parachute may include generous severance pay, stock […]

  • Goodwill

    Goodwill means:an intangible but recognized business asset that is the result of such features as the production or sale of reputable brand-name products, a good relationship with customers and suppliers, and a respected standing of the business in its community. Goodwill possesses an […]

  • Government Cost-of-living Allowance

    Government Cost-of-living Allowance means:a benefit generally not included in the income of federal civilian employees. Allowances and differentials that increase basic pay as an incentive for taking a less desirable post of duty are includable in taxable income. see <a href="http://lawi.us/Gove…

  • Golsen Rule

    Golsen Rule means:a rule whereby the U.S. Tax Court is bound to follow only the circuit court to which the taxpayer has a right to appeal. Golsen v. Comm., 54 T.C. 742 (1970)….

  • Government Position Offset

    Government Position Offset means:a provision in the Social Security law under which the benefit a person receives on a spouse's work record is reduced if the person is eligible for a federal, state, or local government pension based on his or her own work record and the work was not covered by S…