Tax

Category: D

  • Disability Program

    Disability Program is. one of five programs in the Social Security system, under which monthly payments are made to a disabled worker who has earned enough Social Security credits. Other family members of a qualifying worker may also receive payments under the disability program….

  • Departure Permit

    Departure Permit means:a certificate of compliance from the U.S. Internal Revenue Service certifying that a departing alien has satisfied U.S. income tax laws; also called a sailing permit. To obtain a departure permit, the departing alien must file Former Federal Tax Form (check <a href="http:/…

  • Deep-discount Bond

    Deep-discount Bond means:a bond selling for a discount of more than about 25% from its face value. Unlike original issue discount bonds, deep-discount bonds were issued at a par value of $1,000, but market forces caused a decline. Gain on the sale of a bond purchased at a deep discount is genera…

  • Discount Bond

    Discount Bond means:a bond offered below face value. See also other Tax Terms and Definitions in U.S.A. bond discount; original issue discount; zero-coupon bond….

  • Deficit Reduction Rate

    Deficit Reduction Rate means:a 4.3 cent per gallon additional federal motor fuels excise tax to be applied to reduce the federal budget deficit; imposed beginning October 1, 1993-. See Excise and Excise….

  • Delinquency

    Delinquency may have one of the following meanings, depending the context of the term: 1. in general, failure to make a payment on an obligation when due. 2. for taxes, the amount of past-due balances, determined on either a contractual or recency-of-payment basis.U.S. Tax MeaningTax which …

  • Deficit

    Deficit may have one of the following meanings, depending the context of the term: 1. an insufficiency in an account or number, whether as the result of defaults and mis-appropriations or of mistakes or shrinkage in value (e.g., a deficit in the earnings and profits account). 2. the excess of the U….

  • Distribution

    Distribution may have one of the following meanings, depending the context of the term: 1. a payout of cash or property from a corporation to a shareholder. Examples include dividends, stock redemptions, partial liquidations, liquidations, corporate reorganizations, and other corporate transactions….

  • Dealer

    Dealer may have one of the following meanings, depending the context of the term: 1. a merchant who regularly engages in the purchase and resale of securities to customers. Stocks, bonds, and other financial instruments are considered inventory and are not subject to capital gain or loss treatment f…

  • Deductible

    Deductible may have one of the following meanings, depending the context of the term: 1. (adj.) in a tax return, denoting an expense that may be subtracted from income. 2. (n.) the initial amount of a medical expense that a worker is required to pay before insurance companies or Medicare begin to ma…