Tag: CO

Commerce Clearing House is. one of the major publishers of tax services and other tax products. CCH's tax service is the Standard Federal Tax Reporter….

Continuity of Life is. one of the four unique characteristics of a corporation; present if death, insanity, bankruptcy, retirement, resignation, or expulsion of any member will not cause the dissolution of the organization. Former Tax Regulation (check <a href="http://lawi.us/tax-regulations-index/"…

U.S. Court of Appeals is. one of 13 courts, including the District of Columbia and the Federal Circuit courts, to which appeals from a trial court, such as the U.S. Tax Court, are directed….

Consent Stock means:a class or classes of personal holding company stock entitled (after the payment of preferred dividends) to a share in the distribution within the tax year of the company's earnings and profits. Former IRC (check if t…

Community Property means:property acquired by a couple during marriage and recognized as of 1993 in nine states (Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, Wisconsin), whereby the law presumes the property to be the product of the joint efforts of both spouses….

Condemnation Award may have one of the following meanings, depending the context of the term: 1. the money or value of other property received for condemned property. 2. the amount received from the sale of property under threat of condemnation. If the taxpayer receives similar or related-use proper…

Contributions may have one of the following meanings, depending the context of the term: 1. see charitable contribution deduction. 2. for unemployment insurance tax purposes, payments required by a state to be made into an unemployment fund by any business that has employees, to the extent that such…

Cost Records may have one of the following meanings, depending the context of the term: 1. in accounting, anything that can substantiate the costs incurred in producing goods, providing services, or supporting an activity designed to be productive. Ledgers, schedules, vouchers, and invoices are cost…

Contraction may have one of the following meanings, depending the context of the term: 1. Finance, the distribution of assets to corporate shareholders in a partial liquidation. Contrast with a corporate separation in a divisive reorganization. 2. Economics, a reduction in the level of gross domesti…

Complex Trust may have one of the following meanings, depending the context of the term: 1. a trust that under the instrument of its creation or under state law may either dis-tribute or retain income. 2. a trust with a charitable beneficiary. A complex trust is allowed only a $100 exemption. Former…