Tax

Tag: EX

  • Exempt From Withholding

    Description and Definition of Exempt from Withholding Taxpayers can be exempt from having federal income tax withheld if they meet certain income, tax liability, and dependency requirements. Resources See Also Further Reading Exempt from Withholding in the West's Tax Law Dictionary Exempt […]

  • Excess Accelerated Depreciation

    Excess Accelerated Depreciation means:the accumulated difference between the accelerated depreciation claimed for tax purposes and what the straight-line depreciation would have been. Generally, excess accelerated depreciation is recaptured (taxed) as ordinary income upon a sale, instead […]

  • Excise Tax

    Excise Tax means:a tax imposed on an act, occupation, privilege, manufacture, sale, or consumption. In recent years, this term has been applied to just about every tax except the income tax and the property tax. In general, federal, state, and local excise taxes (e.g., on tobacco, […]

  • Excess Distributions

    Description and Definition of Excess Distributions Retirement payments exceeding specified limits. They are subject to a 15% penalty unless rolled over to an IRA or other exceptions are met. Resources See Also Further Reading Excess Distributions in the West's Tax Law Dictionary Excess […]

  • Exemption

    Exemption may have one of the following meanings, depending the context of the term: 1. a deduction allowed a taxpayer because of his or her status or circumstances rather than because of specific economic costs or expenses during the taxable year. For example, a married couple having three […]

  • Executive Stock Options

    Executive Stock Options Issue You may find information about Executive Stock Options in this Tax Platform of the American Encyclopedia of Law.

  • Expensing

    Code Section 179 Expensing Issue You may find information about Code Section 179 Expensing in this Tax Platform of the American Encyclopedia of Law.

  • Executor

    About Executor: Executor (executrix) is a person designated to cany out the wishes expressed in a will as to the administration of a decedent's estate and the distribution of the assets in it. An executor may be a bank trust officer, a family member, or a trusted friend. Executrix is the […]

  • Exempt From Tax Liability

    Description and Definition of Exempt from Tax Liability An organization that does not have to pay tax. Certain charitable organizations are tax exempt organizations. Resources See Also Further Reading Exempt from Tax Liability in the West's Tax Law Dictionary Exempt from Tax Liability in […]

  • Excise Taxes

    Excise Taxes, I.R.S. Pub. 510 Issue You may find information about Excise Taxes, I.R.S. Pub. 510 in this Tax Platform of the American Encyclopedia of Law.