Tax

Category: D

  • Direct Cost

    Direct Cost means:the cost of labor and materials that can be identified in the product produced. Direct costs for an apartment building, for example, would include the construction materials and labor; some indirect costs might be the architect's fees, interest during construction, insurance, a…

  • Double Dipping

    Double Dipping means:an improper attempt to count the same item twice when it is to one's benefit to do so.U.S. and other Developed Countries International Tax MeaningTerm used to indicate the possibility for dual resident companies to deduct the same expenses in two jurisdictions….

  • Debt Instrument

    Debt Instrument means:a written promise to repay a debt, such as a bill, bond, banker's acceptance, note, certificate of deposit, or commercial paper. A formal debt instrument is critical for obtaining a nonbusiness bad debt deduction (that is, a short-term capital loss) and for overcoming an <a…

  • Dwelling Unit

    Dwelling Unit Renting Residential and Vacation Property If you receive rental income from renting to others a dwelling unit, such as a house or an apartment, you may deduct certain expenses. These expenses, which may include interest, taxes, casualty losses, maintenance, utilities, insurance, and depreciation, will reduce the amount of rental income that is taxed.…

  • Durable Powers of Attorney

    Durable Powers of Attorney By Andrew H. Hook, Esq. Oast & Hook, P.C., Virginia Beach and Portsmouth, VA Durable powers of attorney (DPAs) are extremely complex, powerful, and flexible legal instruments that create significant legal authority, duties, and obligations. The scope of the power of attorney, as well as its provisions, should be tailored to…

  • Durable Power of Attorney

    Durable Power of Attorney means:a power of attorney that remains in effect even if the principal becomes incompetent….

  • Discrimination in Employee Benefit Plans

    Discrimination in Employee Benefit Plans Age, Sex and Disability Discrimination in Employee Benefit Plans By William J. Flanagan, Esq. Crowell & Moring LLP, Washington, DC The diversification of the American workplace presents special issues in the field of employee benefits. Employers that in the past had to worry primarily about the application of the Internal…