Tag: EQ

Equity may have one of the following meanings, depending the context of the term: 1. paid-in capital plus retained earnings in a businesss entity, like a corporation. 2. the extent of a person's beneficial ownership interest possessed by shareholders in an asset, like a corporation-stock as opposed …

Equitable Recoupment means:a doctrine applying to a single transaction or item of income that permits a party against whom a tax claim is asserted to defeat the claim by demonstrating the existence of a demand arising from the same transaction….

Equalization Board means:a government agency that determines the fairness of taxes levied against property. It ensures, for example, that all counties within a state assess property at a uniform rate so that the state can redistribute the tax money on a fair basis….