Tag: MA
-
Married Filing Jointly
Married Filing Jointly means:a filing-status option for married couples who agree to report their combined income and deductions. In a Married Filing Joint filing status, the taxpayer is married and both he/she and his/her spouse agree to file a joint return. (On a joint return, the […]
-
Marginal Tax Rate
Description and Definition of Marginal Tax Rate The amount of each extra dollar of income that has to be paid in income tax. Resources See Also Further Reading Marginal Tax Rate in the West's Tax Law Dictionary Marginal Tax Rate in "A Dictionary of Taxation"
-
Marketable Securities
Marketable Securities means:securities that are easily sold. On a corporation's balance sheet, they are assets that can be readily converted into cash for example, government securities, banker's acceptances, and commercial paper. See: Quoted securities. Description and […]
-
Married Filing Separately
Married Filing Separately means:a filing status option for married couples in which each spouse wishes to be responsible only for his or her individual tax return. In noncommunity property states, each taxpayer would report only his or her own income and deductions. In community property […]
-
Master Limited Partnership
Master Limited Partnership means:a limited partnership in which partnership interests are issued to a "master" limited partner who arranges the sale of the partnership units to the public. Similar to regular limited partnerships, but MLPs shares are traded on the major […]
-
Marital Deduction
Marital Deduction means:a federal estate tax deduction permitting a spouse to take, tax free, the decedent spouse's total estate. The marital deduction thus permits property to pass to the surviving spouse without being depleted by the federal estate tax. The same is true with the […]
-
Material Participation
Material Participation means:a tax term introduced by the 1986 tax act, and defined as year-round active involvement in the operations of a business activity on a regular, continuous, and substantial basis. See IRC (check if this IRC provision is current here) §469. Three main […]
-
Market Discount
Description and Definition of Market Discount The difference between what you pay for a bond and its higher face value, attributable to rising interest rates. Bonds are sold for less than their face value when rising interest rates make their stated interest rate less competitive. If you buy a […]
-
Market Segment Specialization Program Audit Technique Guides
Market Segment Specialization Program Audit Technique Guides Overview The Market Segment Specialization Program focuses on developing highly trained examiners for a particular market segment. A market segment may be an industry such as construction or entertainment, a profession like attorneys or real estate agents or an issue like passive activity losses. The Audit Techniques Guides…
-
Master Plan
About Master Plan: IRS-approved model form of a qualified retirement plan in which the funding medium's identity is specified. Former Revenue Procedure (check if this Rev. Proc. <a href="http://lawi.us/…