Tag: OR

  • Original Issue Discount

    About Original Issue Discount: Original Issue Discount (OID) is a discount from par value at the time a bond is issued. The amount by which the face value of a bond exceeds its issue price. Part of the discount on taxable bonds must be reported as taxable interest income each year that you own […]

  • Ordinary Income

    Ordinary Income means:income that is fully subject to ordinary income tax rates (e.g., interest income, dividend income, salary income), as distinguished from income that can benefit from the special tax rates for capital gain (loss). The tax rate for capital gains is less than the […]

  • Ordinary Dividends

    Description and Definition of Ordinary Dividends Taxable dividends that are distributions of a company's profits. Resources See Also Further Reading Ordinary Dividends in the West's Tax Law Dictionary Ordinary Dividends in "A Dictionary of Taxation"

  • Ordinary Loss

    About Ordinary Loss: for income tax purposes, a loss that is deductible against ordinary income and is usually more beneficial to a taxpayer than a capital loss, which has limitations on deductibility. (Special federal provisions on ordinary loss treatment is a favorable treatment of gains and […]

  • Original Cost

    About Original Cost: all of the costs associated with the acquisition of an asset and placing it in service….

  • Ordinary Income Property

    About Ordinary Income Property: for charitable contribution purposes, property whose sale at fair market value on the date of the contribution would have resulted in ordinary income or in short-term capital gain. Ordinary income property includes inventory, works of art or manuscripts created by the…

  • Ordinary Gross Income

    About Ordinary Gross Income: Ordinary Gross Income (OGI) means gross income less any capital gains and Section 1231 gains. There are two tests to determine whether rental income is personal holding company (PHC) income. One test is satisfied if the total dividends paid for the tax year are equal to …

  • Orphan Drugs Credit

    Orphan Drugs Credit means:a credit or other debt instrument of 50% of qualified clinical testing expenses paid or incurred before December 31, 1994. The clinical testing expenses must be related to determining the use of a drug for rare diseases or conditions, and the testing must be conducted i…

  • Origination Fee

    Origination Fee means:a nondeductible charge to a borrower, especially for a mortgage loan, to cover the costs of issuing the loan, such as credit checks, appraisal, and title expenses, capitalized in the purchase cost of the property. If the origination fee is a discount point and is charged on…

  • Ordinary Annuity

    Ordinary Annuity means:a series of equal or nearly equal payments, each payment occurring at the end of each equally spaced period….