Tax

Tag: OW

  • Owner-operator

    Owner-operator means:a person who owns and operates a business (or the equipment used in it) to earn income. For example, truckers are often owner-operators of their vehicles. See also other Tax Terms and Definitions in U.S.A. material participation….

  • Owner-employee

    Owner-employee means:a sole proprietor or partner who owns more than 10% of either the capital interest or the profits interest of the partnership. With an owner-employee, a Keogh retirement plan is subject to more stringent rules. Former IRC (check <a href="http://lawi.us/internal-revenue-code-…

  • Ownership Form

    Ownership Form means:the method of owning property, which affects income tax, estate tax, continuity, liability, survivorship, transferability, and disposition at death or bankruptcy. Ownership forms include sole proprietorship, C corporation, S corporation, partnership, limited partnership, joi…