Tag: MA

Marginal Cost Rules means:method of costing by taking into account only marginal or variable costs of producing or selling an item, which is allowed for domestic international sales corporations (DISC). Other costs of the producer can be disregarded, which has the effect of shifting income from …

Market Discount Bond means:bond selling below face value at a time after its issuance. A Market discount is the difference between what the taxpayer pay for a bond and its higher face value. The tax treatment varies depending on whether the bond is taxable or tax-free and whether you redeem it a…

Marriage Penalty means:various provisions of the tax law that cause married people to pay more taxes in some situations than if they were single. The penalty is most pronounced for higher-tax-bracket couples earning equal amounts of income. Although married taxpayers may file separate returns, t…

Marginal Tax Bracket means:the tax rate on an additional dollar of income. Because of the progressive rate structure of income taxes, an additional dollar of income could be taxed at a higher rate than all previous income. The highest marginal tax bracket, for individuals with taxable incomes ab…

The Majority Interest Partners are. partners who own a greater than 50% interest in the partnership capital and profit. If the majority interest owners do not have the same tax year end, a partnership must adopt the same tax year end as its principal partners….