Tag: CA
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Capital Asset
Description and Definition of Capital Asset An asset that an individual owns for investment purposes, such as stocks, bonds, or coin collections. Capital assets are subject to capital gain or capital loss tax treatment. Assets used in a business, and inventory, are not capital assets. […]
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Cash Or Deferred Arrangement
About Cash Or Deferred Arrangement: Cash Or Deferred Arrangement (CODA) is a defined-contribution plan that allows an employee to choose between cash and a deferred contribution to a retirement plan. A CODA allows an employee to accumulate investment income on a pretax basis. Distributions during re…
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Cash Dividend
About Cash Dividend: Cash Dividend (property Dividend) is a cash or property payment to a corporation's stockholders, distributed from current earnings or profits or accumulated earnings and profits, and taxable as income. If there are no current or accumulated earnings and profits, the dividend is …
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Carryover
About Carryover: Carryover (or CarryForward) is a process by which the deductions and credits of one taxable year that cannot be used to reduce tax liability in that year are applied against tax liability in subsequent years. Former IRC (check <a href="http://lawi.us/internal-revenue-code-provisions…
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Capital Assets
About Capital Assets: all property held for investment by a taxpayer that, when sold, is subject to special tax treatment (as capital gains or capital losses). For an individual a net long-term capital gain is taxed at a maximum of 28% during 1993- Inventory, property held for resale, real or person…
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Carved-out Mineral Production Payment
About Carved-out Mineral Production Payment: agreement whereby no income is recognized in the year of assignment (i.e., the agreement is treated as a mortgage loan), but income is reported as minerals are produced. Former IRC (check if this …
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Capital Gain Property
About Capital Gain Property: for charitable contribution purposes, property whose sale at fair market value on the date of the contribution would have resulted in long-term capital gain. Included are capital assets held more than 1 year, as well as certain real and depreciable property used in a tra…
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Cause of Action
Cause of Action means:a claim in law and fact that is sufficient to form the basis of a valid lawsuit (e.g., a suit in the district court for a tax refund). A right of action is the legal right to sue; a cause of action is the composite of facts that gives rise to a…
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Cash Equivalent Doctrine
Cash Equivalent Doctrine means:a cash basis taxpayer must report income when the equivalent of cash is received in a taxable transaction….
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Capitalization
Capitalization may have one of the following meanings, depending the context of the term: 1. accounting for an expenditure on a financial statement rather than treating it as an expense. 2. converting an expected income stream into a lump sum capital value. 3. reference to the capital structure of a…