Tag: CO

  • Community Income

    Description and Definition of Community Income Income earned in a community property state that is treated as belonging equally to husband and wife. Resources See Also Further Reading Community Income in the West's Tax Law Dictionary Community Income in "A Dictionary of Taxation"

  • Convention

    Description and Definition of Convention A rule for determining MACRS depreciation in the year property is placed in service. Resources See Also Further Reading Convention in the West's Tax Law Dictionary Convention in "A Dictionary of Taxation"

  • Consumer Interest Expense

    Description and Definition of Consumer Interest Expense Interest incurred on personal debt and consumer credit. Nondeductible interest from personal loans such as credit cards and car loans. Resources See Also Further Reading Consumer Interest Expense in the West's Tax Law Dictionary […]

  • Costs

    Description and Definition of Transportation and Storage Costs The costs of moving your household belongings, furniture, vehicles, and pets, to your new home, and the cost of in transit storage for up to 30 consecutive days. These are deductible moving expenses. Resources See Also Further […]

  • Consolidated Appropriation

    Consolidated Appropriation Act, 2014 Issue You may find information about Consolidated Appropriation Act, 2014 in this Tax Platform of the American Encyclopedia of Law.

  • Cost-of-Living Allowance

    Description and Definition of Cost-of-Living Allowance (COLA) A raise paid by your employer for increased living expenses. Hardship pay for employees sent to live and work in expensive places. Resources See Also Further Reading Cost-of-Living Allowance (COLA) in the West's Tax Law […]

  • Constructive Receipt

    About Constructive Receipt: Constructive Receipt of Income is a doctrine under which a taxpayer is required to include in gross income amounts that, though not actually received, are deemed to have been received during the tax year. Thus income is constructively received when it is credited […]

  • Commuting Expense

    The Commuting Expense are. expense incurred while commuting between one's home and one's place of employment; commuting expense is not deductible. An exception is allowed for an individual with a regular place of business who must commute to a temporary place of business. Also, a […]

  • Contributions Credit

    Retirement Savings Contributions Credit Issue You may find information about Retirement Savings Contributions Credit in this Tax Platform of the American Encyclopedia of Law.

  • Common Stock

    Common Stock means:security representing an ownership interest in a corporation. Ownership may also be shared with preferred stock, which has prior claim on any dividends to be paid and, in the event of liquidation, to the distribution of the corporation's assets. Dividends from […]