Tax

Category: M

  • Moving Expenses

    Description and Definition of Moving Expenses For a qualified job-related move, deductible moving expenses include the reasonable costs of moving yourself, your family, and your possessions if distance and time tests are met. Resources See Also Further Reading Moving Expenses in the […]

  • Material Participation

    Material Participation means:a tax term introduced by the 1986 tax act, and defined as year-round active involvement in the operations of a business activity on a regular, continuous, and substantial basis. See IRC (check if this IRC provision is current here) §469. Three main […]

  • Market Discount

    Description and Definition of Market Discount The difference between what you pay for a bond and its higher face value, attributable to rising interest rates. Bonds are sold for less than their face value when rising interest rates make their stated interest rate less competitive. If you buy a […]

  • Miscellaneous

    Miscellaneous Below are articles related to miscellaneous subjects. Alternative Filing Methods Age-Name-SSN Rejects, Errors, Correction Procedures (IRS FAQ) Amended Returns (IRS FAQ) Due Dates & Extension Dates for e-file (IRS FAQ) Electronic Filing Electronic Signatures Filing Business Returns Electronically Forms W-2 & Other Attachments (IRS FAQ) How to Choose a Paid Tax Preparer Substitute Tax…

  • Market Segment Specialization Program Audit Technique Guides

    Market Segment Specialization Program Audit Technique Guides Overview The Market Segment Specialization Program focuses on developing highly trained examiners for a particular market segment. A market segment may be an industry such as construction or entertainment, a profession like attorneys or real estate agents or an issue like passive activity losses. The Audit Techniques Guides…

  • Master Plan

    About Master Plan: IRS-approved model form of a qualified retirement plan in which the funding medium's identity is specified. Former Revenue Procedure (check if this Rev. Proc. <a href="http://lawi.us/…

  • Modified Alternative Minimum Taxable Income

    About Modified Alternative Minimum Taxable Income: alternative minimum taxable income (AMTI) without the (a) alternative tax net operating loss deduction, (b) alternative tax energy preference deduction, and (c) deduction for the environmental tax. The modified AMTI is used to calculate the corporat…

  • Mortgage Relief

    About Mortgage Relief: acquired freedom from mortgage debt, generally through assumption of mortgage by another party or by debt retirement. In a tax-free exchange, mortgage relief is considered boot received, causing a taxable gain to the extent of the lesser of the realized gain or the fair market…

  • Miscellaneous Payroll Period

    About Miscellaneous Payroll Period: for purposes of employer withholding of federal income tax from employees' compensation, any payroll period that is not daily, weekly, biweekly, semimonthly, quarterly, semiannual, or annual. Withholding amounts for the foregoing periods may be ascertained from ta…

  • Maximum Tax Rate on Capital Gains

    About Maximum Tax Rate on Capital Gains: for individuals, estates, and trusts, a rate of 28% on net capital gains realized after 1991. For corporations, net capital gains are taxed at regular rates. See also Capital Gain in the American Legal Encyclopedia a…