Tag: BU
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Buy-and-sell Agreement
Buy-and-sell Agreement means:an estate planning approach used for sole proprietorships, partnerships, and closely held corporations in which the business interests of a deceased or disabled proprietor, partner, or shareholder are sold according to a predetermined formula to the remaining owner(s…
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Business Energy Credit
Business Energy Credit means:credit based on electricity sold to unrelated persons and produced from qualified energy resources at a qualified facility during the 10-year period after the facility is placed in service. The credit equals 1.5 cents (adjusted for inflation) per kilowatt hour of suc…
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Bunching
Bunching means:the concentration of gross income in one or more taxable years. The relatively flat tax rate structure (only two principal brackets) introduced by the Tax Reform Act of 1986 virtually eliminated the adverse effects of bunching until higher brackets were added in recent years. See …
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Business Combination
Business Combination means:the bringing together of a company and one or more other incorporated or unincorporated businesses into a single accounting entity that then carries on the activities of the separate entities. See consolidation….
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Burnout
Burnout means:the exhaustion of a tax shelter's benefits when an investor starts to receive income from the investment, perhaps in excess of the cash flow. This income must be reported to the U.S. Internal Revenue Service, and taxes paid on it….