Author: Stuart Cullen
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Limitations
Elective Deferral Limitations Issue You may find information about Elective Deferral Limitations in this Tax Platform of the American Encyclopedia of Law.
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Retirement Savings Plans
Retirement Savings Plans Issue You may find information about Retirement Savings Plans in this Tax Platform of the American Encyclopedia of Law.
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Break-even Point
Description and Definition of Break-even Point The point at which revenues and costs are equal. Resources See Also Further Reading Break-even Point in the West's Tax Law Dictionary Break-even Point in "A Dictionary of Taxation"
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Carry Forward
Description and Definition of Carry Forward Applying a loss or credit from a current year to a later year. Business net operating losses and capital losses can be carried forward. Resources See Also Further Reading Carry Forward in the West's Tax Law Dictionary Carry Forward in "A […]
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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. […]
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Vertical Equity
Description and Definition of Vertical Equity Vertical equity requires that people in different income groups pay different rates of taxes. Resources See Also Further Reading Vertical Equity in the West's Tax Law Dictionary Vertical Equity in "A Dictionary of Taxation"
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Gross Profit
Description and Definition of Gross Profit The amount by which net sales exceed the cost of goods sold. Resources See Also Further Reading Gross Profit in the West's Tax Law Dictionary Gross Profit in "A Dictionary of Taxation"
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Health Insurance
Health Insurance Exchange Marketplace Issue You may find information about Health Insurance Exchange Marketplace in this Tax Platform of the American Encyclopedia of Law.
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Telephone
Telephone Help Issue You may find information about Telephone Help in this Tax Platform of the American Encyclopedia of Law.
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State Income Tax
Description and Definition of State Income Tax You may be required to pay a state tax based on your income. At the present time 45 states have enacted an income tax, although 2 of those only tax interest and dividends. You can deduct on your federal income tax return state tax paid in the year…