Tag: PR
-
Profit
Profit means:the positive difference that results from selling products and services for more than the cost of producing the goods. Broadly, the excess of revenue over expenditure. See also other Tax Terms and Definitions in U.S.A. net income; contrast with the entry loss. Description […]
-
Principal Residence
Principal Residence means:the place where a person lives most of the time. A principal residence may be a single-family house, condominium, trailer, or houseboat. To defer capital gains taxes on the profit from a home sold, it must be replaced by another home purchased at a price equal […]
-
Premature Distribution
Description and Definition of Premature Distribution A withdrawal from a qualified retirement plan before age 59 1/2. Withdrawals from company retirement plans are subject to a 10% penalty if you're under age 55 if you've left the job – or under age 59-1/2 if you're still employed. […]
-
Production
Domestic Production Activities Deduction Issue You may find information about Domestic Production Activities Deduction in this Tax Platform of the American Encyclopedia of Law.
-
Price Index
Description and Definition of Consumer Price Index (CPI) / Inflation The Consumer Price Index is a measure of price changes of common goods and services published by the U.S. Government. The Index is commonly referred to as "inflation" or the "inflation rate". Resources See […]
-
Proportional Tax
Description and Definition of Proportional Tax Proportional taxes take the same percentage of income from everyone regardless of how much or how little a person earns. Resources See Also Further Reading Proportional Tax in the West's Tax Law Dictionary Proportional Tax in "A […]
-
Principal Business Activity Codes
Principal Business Activity Codes Agriculture, Forestry, and Fishing Crop production 111100 – Oilseed & grain farming 111210 – Vegetable and melon farming 111300 – Fruit & tree nut farming 111400 – Greenhouse, nursery, & floriculture production 111900 – Other crop farming (tobacco, cotton, etc.) Animal production 112111 – Beef cattle ranching & farming 112112 –…
-
Private Letter Rulings
Private Letter Rulings Definition of Private Letter Rulings Private Letter Ruling means: a reply from the U.S. Internal Revenue Service regarding the tax treatment of a proposed transaction. At one time, private letter rulings were unpublished, but they have been made public information and are later published by several private companies. Nonetheless, only the party to…
-
Proposed Regulations 2009
Proposed Regulations in 2009 2007 and prior: From IRBs prior to July, 2007: For information about proposed regulations prior to july 2007, click here. 2008: From IRBs in the first half of 2008: For information about proposed regulations in 2008, click here 2008: From IRBs in the second half of 2008: For information about proposed…
-
Proposed Regulations 2008
Proposed Regulations in 2008 2007 and prior: From IRBs prior to July, 2007: For information about proposed regulations prior to july 2007, click here. 2010 and after: From IRBs after January, 2010: For information about proposed regulations after january 2010 and information in general about tax proposed regulations, click here. 2008: From IRBs in the…