Description and Definition of Garnishment Monies withheld from your pay and remitted to a creditor. Garnishments withheld from your pay are taxable income to you even though you didn't get the money. Resources See Also Further Reading Garnishment in the West's Tax Law Dictionary […]


Gambling Income and Expenses Gambling winnings are fully taxable and must be reported on your tax return. You must file Form 1040 (PDF) and include all of your winnings on line 21. Gambling income includes, but is not limited to, winnings from lotteries, raffles, horse races, and casinos. […]

Gas Lease

About Gas Lease: An Oil and Gas Lease is an agreement that conveys the right to explore for oil, gas, and sometimes other minerals and to extract them from the ground. Provisions include the granting of subsurface and surface rights, lease duration, extension terms, royalties, treatment of surface d…

Gas Balancing Agreement

Gas Balancing Agreement means:
a standard attachment to most common forms of joint operating agreements in the gas industry setting forth the owners' agreement for the balancing of production in the event that one owner is able to sell more gas than the other owners, thereby creating imbalances. …