Tag: CA
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Capital Expenditures
Capital Expenditures Issue You may find information about Capital Expenditures in this Tax Platform of the American Encyclopedia of Law.
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Cash Method
Description and Definition of Cash Method Reporting income when actually or constructively received and deducting expenses when paid. Most individuals use this method. Resources See Also Further Reading Cash Method in the West's Tax Law Dictionary Cash Method in "A Dictionary of […]
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Calendar Year
Description and Definition of Calendar Year A year that runs from January 1st through December 31st. Most taxpayers are calendar year taxpayers, not fiscal year taxpayers. Resources See Also Further Reading Calendar Year in the West's Tax Law Dictionary Calendar Year in "A Dictionary […]
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Cash Liquidation Distribution
Description and Definition of Cash Liquidation Distribution A return of capital that you receive when a corporation is being partially or completely liquidated. Generally, cash liquidation distributions are tax free until the distribution exceeds your investment. Resources See Also Further […]
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Capital
Capital means:the possessions or assets of a corporation or other business that are used in operating the business. Description and Definition of Capital Money needed to start or grow a business. The excess of assets over liabilities. Cash and other assets used in operating a business. […]
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Capital Gain
Capital Gain means:the gain on the sale of a capital asset. A tax on profits from the sale of securities or other assets. In 1994, the maximum individual tax rate on long-term capital gains is 28%. There are limits on the deduction of capital losses against ordinary income, with none […]
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Carry Forward
Description and Definition of Carry Forward Applying a loss or credit from a current year to a later year. Business net operating losses and capital losses can be carried forward. Resources See Also Further Reading Carry Forward in the West's Tax Law Dictionary Carry Forward in "A […]
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Cash Flow
Cash Flow means:the amount of money available to a business or investor after all periodic cash payments have been deducted from cash income. Cash flow is not the same as taxable income. Some items subtracted from cash flow to derive taxable income are money received from loans, […]
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Casualty
Description and Definition of Casualty and Theft Loss A loss caused by a sudden, unexpected, or unusual event such as a hurricane, earthquake, fire, flood, or theft. Casualty or theft losses are deductible as an itemized deduction subject to a $100 reduction per event and to the extent your […]
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Capitalize
Capitalize may have one of the following meanings, depending the context of the term: 1. to record capital outlays as additions to asset accounts, not as expenses. See also capital expenditure. 2. to convert a lease obligation to an asset/liability form of expression called a capital lease; […]