Tag: DI

Distribution In Kind means:a transfer of property other than money. For example, if a corporation distributes an automobile to a shareholder, a distribution in kind has occurred. Former IRC (check if this IRC provision is current here</a…

Divorce Transfer means:a transfer of assets occurring within 1 year after a marriage ceases or related to the cessation of a marriage. No gain or loss is recognized on a transfer of assets between spouses or former spouses incident to a divorce, and the value of the property is not included in t…

Divorced Taxpayer means:a taxpayer who was divorced under a final decree of divorce or separate maintenance by the last day of the tax year. A divorced taxpayer is considered unmarried for the whole year….

Divedends-paid Deduction means:an adjustment from taxable income in computing both the accumulated earnings tax and the personal holding company tax. The amount of the adjustment includes regular dividends, dividends paid during a 2-month grace period, consent dividends, and deficiency dividends…

Discriminant Function System means:an U.S. Internal Revenue Service (IRS) technique in which proven mathematical formulas are programmed into computers to identify and select tax returns for examination. This secret system permits the …

Dissenting Opinion means:a written opinion by a judge that is contrary to the majority opinion in a court decision. Contrast concurring opinion. Former IRC (check if this IRC provision is current here) §7441….

Direct Charge-off Method means:a write-off of a specific bad debt.Direct Charge Method in the U.S. and other Developed Countries International Tax MeaningA method of charging directly for specific intra-group services on a clearly identified basis….

Distributable Net Income means:a unique concept under fiduciary taxation, whereby DNI is the result of deducting administrative expenses and net long-term capital gain allocated to the trust's principal amount, or corpus, from adjusted taxable income, and then adding adjusted tax-exempt income. …

Dictum means:an incidental or passing remark in a court decision that is not essential to the current case and has no precedential value….