Tax

Tag: FR

  • Fractional Share

    Fractional Share means:less than one share; any cash received f r fractional shares of a stock dividend is treated as an amount realized on the sale of the fractional shares. The capital gain or loss is the difference between the cash received and the taxpayer's basis in the fractional shares so…

  • Free-look Provision

    Free-look Provision means:the period of time that an insurance company is required to give a customer to review a Medigap policy without charge. During this period, the customer may return the policy to the agent or company if it is not wanted….

  • Front-loading

    Front-loading means:the payment of too much alimony in early years, which causes alimony recapture. The intent of the tax law is to stop property settlements from being disguised as deductible alimony payments. Former IRC (check if this …

  • Fruit and Tree Doctrine

    Fruit and Tree Doctrine means:a judicial doctrine that an individual who earns income from property or services may not assign such income to another person for tax purposes. For example, a mother may not assign her earnings from commissions to her daughter in order to avoid paying income taxes …

  • Fraud

    Fraud means:the willful intent of a taxpayer to evade a tax. The U.S. Internal Revenue Service bears the burden of proof of intentional wrongdoing, and the intent required is the specific purpose of evading a tax believed to be owed. Negligence, whether slight or great, is not equivalent to frau…

  • Franchise Tax

    Franchise Tax means:a state tax, usually regressive (i.e., the rate decreases as the tax base increases), imposed on a state-chartered corporation for the right to do business under its corporate name.U.S. and other Developed Countries International Tax MeaningNearly all states in the U…