Category: Q

Qualified Performing Artist's Expenses are. costs that are deductible in computing Adjusted Gross Income. The performing artist must have performed in the service of at least two employers during the tax year and received at least $200 from each em…

Quid Pro Quo (latin legal term) means:Latin for “something for something”; one thing (often a service) in exchange for another of presumably equal value. For charitable contributions after 1993, a charitable organization that provides more than $75 of services in exchange for a contribution must…

About Qualified Retirement Plan: for purposes of the tax on early distributions: 1. a qualified employee retirement plan, 2. a qualified annuity plan, 3. a tax-sheltered annuity plan for employees of public schools or tax-exempt organizations, or. 4. an individual retirement account. Distributions f…

About Qualifying Person: for purposes of head of household filing status: 1. A child, grandchild, stepchild, or adopted child. a. A single child does not have to be a dependent, except for a foster child. b. A married child must be the taxpayer's dependent unless the other parent claims the child as…

Qualified Replacement Property may have one of the following meanings, depending the context of the term: 1. property acquired in a like-kind exchange or by an involuntary conversion if it has the same qualified use that the replaced property had before the exchange. 2. also refers to securities iss…

Quitclaim Deed means:a deed that conveys only the grantor's rights or interest in real estate, without stating the nature of the rights and with no warranties of ownership. A quitclaim deed is often used to remove a possible cloud on the title. Property purchased at <a href="http://lawi.us/inter…