Tax

Category: M

  • Mark-to-market

    Mark-to-market means:present an investment at its market value even though a sale has not occurred. See Section 1256 contract.U.S. and other Developed Countries International Tax MeaningTax and/or accounting convention under which the value of assets/liabilities is adjusted to reflect f…

  • Military Personnel

    Military Personnel means:persons serving in the U.S. armed forces; they receive a number of benefits such as housing and cost-of-living allowances and tax-free pay during combat zone service….

  • Marginal Cost Rules

    Marginal Cost Rules means:method of costing by taking into account only marginal or variable costs of producing or selling an item, which is allowed for domestic international sales corporations (DISC). Other costs of the producer can be disregarded, which has the effect of shifting income from …

  • Market Discount Bond

    Market Discount Bond means:bond selling below face value at a time after its issuance. A Market discount is the difference between what the taxpayer pay for a bond and its higher face value. The tax treatment varies depending on whether the bond is taxable or tax-free and whether you redeem it a…

  • Modified Adjusted Gross Income

    Modified Adjusted Gross Income means:the amount of a taxpayer's Adjusted Gross Income from Federal Former Federal Tax Form (check here if the Form is current) 1040, without certain income/ded…

  • Minimum Funding Standard

    Minimum Funding Standard means:the minimum amount an employer must contribute at any given time to properly fund a qualified plan, especially a defined-benefit pension plan. Two basic actuarial methods apply to a defined-benefit plan: the accrued-benefit and the projected-benefit methods. For a …

  • Mirror Subsidiary Acquisition Technique

    Mirror Subsidiary Acquisition Technique means:the use of mirror subsidiaries to overcome the carryover basis of IRC (check if this IRC provision is current here) §334(b), which requires a parent company to carry over a subsidiary co…

  • Marginal Tax Bracket

    Marginal Tax Bracket means:the tax rate on an additional dollar of income. Because of the progressive rate structure of income taxes, an additional dollar of income could be taxed at a higher rate than all previous income. The highest marginal tax bracket, for individuals with taxable incomes ab…

  • Minimum Participation Requirement

    Minimum Participation Requirement means:the requirement of a minimum age or completion of a minimum period of service before an employee can participate in a retirement plan….

  • Marriage Penalty

    Marriage Penalty means:various provisions of the tax law that cause married people to pay more taxes in some situations than if they were single. The penalty is most pronounced for higher-tax-bracket couples earning equal amounts of income. Although married taxpayers may file separate returns, t…