Tax

Tag: MA

  • Maximum Tax Rate on Capital Gains

    About Maximum Tax Rate on Capital Gains: for individuals, estates, and trusts, a rate of 28% on net capital gains realized after 1991. For corporations, net capital gains are taxed at regular rates. See also Capital Gain in the American Legal Encyclopedia a…

  • Marginal Gas Production

    About Marginal Gas Production: Marginal Oil and Gas Production means the production of oil and gas from stripper wells and heavy oil. Such marginal production has a depletion rate of 15%, increased by 1 percentage point for each dollar by which the acreage wellhead per barrel of oil, as determined b…

  • Marital Deduction Trust

    Marital Deduction Trust is a legal term that. refers to the creation of a trust from which a spouse is entitled to the lifetime income and over which the spouse has enough control to make the corpus includable in his or her gross estate at death. Funding the trust to $600,000 allows a total of…

  • Majority Shareholder

    Majority Shareholder is. one of the shareholders who together control more than half the outstanding shares of a corporation….

  • Marital Status

    Marital Status is a legal term that. refers to the type of return filed: single, joint, married filing separately, or head of household. Different tax rates apply to the different marital statuses. See filing status. See Tax Rate and <a href="http://lawin.org/t…

  • Massachusetts Trust

    Massachusetts Trust means:a business trust that confers limited liability on the holders of trust certificates; also called a common law trust. It is a voluntary association of investors who transfer contributed cash or other property to trustees with legal authority to manage the business….

  • Mass Assets

    Mass Assets means:a group of individual items, not necessarily homogeneous, each of which is minor in value relative to the total value of the group, numerous in quantity, and usually accounted for only on a total dollar or quantity basis, and for which separate identification is impracticable. …

  • Married Taxpayer

    Married Taxpayer means:a taxpayer who was married on or before the last day of the tax year. Taxpayers who marry before the end of the tax year can file a joint return and be taxed as though they had been married for the entire year. Separated but legally married taxpayers who have not obtained …

  • Materiality

    Materiality means:an item of importance, of significance. See also other Tax Terms and Definitions in U.S.A. terms beginning with substantial or substantially….

  • Mark-to-market

    Mark-to-market means:present an investment at its market value even though a sale has not occurred. See Section 1256 contract.U.S. and other Developed Countries International Tax MeaningTax and/or accounting convention under which the value of assets/liabilities is adjusted to reflect f…