Tax

Tag: AD

  • Adverse Party

    Adverse Party means:a person having a substantial beneficial interest in a trust that would be adversely affected by the exercise or nonexercise of the power that he or she possesses with respect to the trust (e.g., a person having a general power of appointment over the trust property). Former …

  • Administrative Proceeding

    Administrative Proceeding means:an examination by the U.S. Internal Revenue Service or an appeals conference relating to a tax return or a claim for refund….

  • Adjusted Taxable Gifts

    Adjusted Taxable Gifts means:any taxable gifts made by an estate in 1977 and later years; not to include gifts made in contemplation of death. See Inheritance Tax and Inheritance Tax….

  • Advance Rent

    Advance Rent means:any rental payment received before the period it covers. Advance rent is included in taxable income when received, regardless of the period covered or the accounting method the taxpayer uses….

  • Advance Ruling

    Advance Ruling means:An Advance Ruling is commonly defined as a “letter ruling, which is a written statement, issued to a taxpayer by the respective tax authorities (in the United States case, the U.S. Internal Revenue Service (IRS) Nation…

  • Administrative Expense

    About Administrative Expense: There are several type of expenses often grouped with general expense. Like in many OCDE countries, administratives expenses are defined as “expenses that are not as easily associated with a specific function as are the direct costs of manufacturing and selling. Adminis…

  • Administrative Procedures

    About Administrative Procedures: Tax or Administrative Procedures (APs), in some U.S. states, are intended to assist taxpayers in dealing with the tax affairs of their state (for example, in Massachusetts) tax system as administered by the state

  • Adjusted Taxable Estate

    Adjusted Taxable Estate means, under prior law, the taxable estate reduced by the $60,000 exemption; used to determine the limit on the credit for state death taxes paid. See Inheritance Tax and Inheritance Tax…

  • Administrative Adjustment Request

    Administrative Adjustment Request means:an amended return to correct items on an originally filed return or a claim for refund….