Tag: US
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Useful Life
Useful Life means:the period of time over which a depreciable asset is expected to provide a competitive return. In other words, the period during which it is estimated that a depreciable asset will provide useful service to the business in which it is used. The modified accelerated cost […]
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User Fee
User Fee means:a charge, a tax, that is paid directly by the consumer, imposed by the U.S. Internal Revenue Service for issuing rulings, opinion letters, and determination letters. An excise tax, often in the form of a license or supplemental charge, levied to fund a public service. See <a href=…
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U.s.-owned Foreign Corporation
U.s.-owned Foreign Corporation means:a foreign corporation that is owned 50% or more by United States persons. Former IRC (check if this IRC provision is current here) §861….
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U.S. Resident
U.S. Resident means:a person who is domiciled (i.e., has a home) in the United States….
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U.S. Model Income Tax Treaty
U.S. Model Income Tax Treaty means:a standard format that serves as a model treaty for U.S. negotiators. State Income Tax…
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U.S. Treasury Department
U.S. Treasury Department means:an executive department of the U.S. government that is responsible for money and budgetary matters. The U.S. Internal Revenue Service is an agency of the U.S. Treasury Department….
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U.S. Citizen
U.S. Citizen means:every person born or naturalized in the United States who is subject to its jurisdiction….