Tag: DE

Delinquency may have one of the following meanings, depending the context of the term: 1. in general, failure to make a payment on an obligation when due. 2. for taxes, the amount of past-due balances, determined on either a contractual or recency-of-payment basis.U.S. Tax MeaningTax which …

Deficit may have one of the following meanings, depending the context of the term: 1. an insufficiency in an account or number, whether as the result of defaults and mis-appropriations or of mistakes or shrinkage in value (e.g., a deficit in the earnings and profits account). 2. the excess of the U….

Dealer may have one of the following meanings, depending the context of the term: 1. a merchant who regularly engages in the purchase and resale of securities to customers. Stocks, bonds, and other financial instruments are considered inventory and are not subject to capital gain or loss treatment f…

Deductible may have one of the following meanings, depending the context of the term: 1. (adj.) in a tax return, denoting an expense that may be subtracted from income. 2. (n.) the initial amount of a medical expense that a worker is required to pay before insurance companies or Medicare begin to ma…

Deflation means:a decline in the prices of goods and services. Deflation is the reverse of inflation; it should not be confused with disinflation, which is a slowing down in the rate of price increases. The use of the first in, first out inventory method reduces taxable income during a period of…

Declaratory Judgment means:a judgment from a district court to establish the right of the parties or express the opinion of the court as to a question of law without ordering anything to be done. Former IRC (check if this IRC provision i…

Devise means:a gift of real property made by will or last testament. In modern usage, the term may also embrace testamentary gifts of personal property. See also other Tax Terms and Definitions in U.S.A. bequest….

Derivative Instrument means:a forward or futures contract, an option warrant, or a similar financial instrument whose price behavior is related to that of another security. Also known as derivatives. These are financial instruments whose values are linked to or depend on the value of a primary (…

Determination means:a final decision by a Tax Court or a final judgment, decree, or other order by a court, a closing agreement under U.S. Internal Revenue Service (IRS) §7121, or a final disposition by the U.S. Treasury Department of…