Tax

Tag: IN

  • Informal Tax Legislation Process

    Description and Definition of Informal Tax Legislation Process Meetings where individuals and interest groups get together to discuss tax issues. Resources See Also Further Reading Informal Tax Legislation Process in the West's Tax Law Dictionary Informal Tax Legislation Process in […]

  • Interest

    Interest means:money paid for the use of money (often though of as rent paid for the use of money). The charge for the use of borrowed money. See home mortgage interest; imputed interest; interest deductions; interest income; personal interest expense. Description and Definition of […]

  • Insurance Marketplace

    Health Insurance Marketplace Issue You may find information about Health Insurance Marketplace in this Tax Platform of the American Encyclopedia of Law.

  • Involuntary Conversion

    Involuntary Conversion may have one of the following meanings, depending the context of the term: 1. condemnation, that is, the taking by government of private property for public use, with compensation being paid. 2. the sudden destruction of an asset by nature, as by fire, storm, or sudden […]

  • Income Tax

    Income Tax means:a tax based on the income earned by a person or business. The income tax is the main source of revenue for the federal government and one of the main sources for many states. See also other Tax Terms and Definitions in U.S.A. progressive tax; sales tax; value-added tax. […]

  • Income

    Income means: economic benefit; money or value received. Former IRC (check if this IRC provision is current here) §61. Code Sections about Income Sec. 61. Gross income defined Sec. 62. Adjusted gross income defined Sec. 63. Taxable income defined Sec. 64. Ordinary income […]

  • Incentives

    Description and Definition of SIMPLE (Savings Incentive Match Plan for Employees) A retirement plan that allows employees of small firms with 100 or fewer employees and self-employed individuals to make salary reduction contributions to an IRA. The employer generally must match employee […]

  • Inventory Valuation

    Description and Definition of Last-in, First-out Inventory Valuation Method (LIFO) A method of inventory valuation that assumes any inventory sold was from the last inventory purchased. Resources See Also Further Reading Last-in, First-out Inventory Valuation Method (LIFO) in the West's […]

  • 1099-INT

    Description and Definition of 1099-INT Form 1099-INT is a statement of interest income sent to you by payers of interest, such as banks and savings institutions. The 1099-INT summarizes your interest income for the year. The 1099-INT is also used to report other tax items related to your […]

  • Income In Respect of A Decedent

    Income In Respect of A Decedent Income In Respect of A Decedent means:Income In Respect Of A Decedent (IRD) is an amount that a decedent was entitled to receive as gross income but that, because of his or her method of accounting, was not includable in gross income for any period before […]