Tag: PR

  • Prepaid Expenses

    The Prepaid Expenses are. amounts that are paid before the period they cover. Such expenses often include insurance and rent. Prepaid expenses are not deductible until the appropriate period. See also other Tax Terms and Definitions in U.S.A. economic performance rule. Description and […]

  • Principal

    Principal may have one of the following meanings, depending the context of the term: 1. main party to a transaction; for example, the buyer or seller, lessor or lessee. 2. see principal amount. Description and Definition of Principal The amount of money owed on a loan. Resources See Also […]

  • Preferred Stock

    Preferred Stock is. part of the capital stock of a corporation that enjoys priority over the remaining stock, or common stock, in the distribution of dividends and, in the event of dissolution of the corporation, also in the distribution of assets. Shares or stock which carry a right to a […]

  • Preference Items

    Description and Definition of Preference Items Tax favored items allowed under the regular income tax calculations but not under the alternative minimum tax calculations. Resources See Also Further Reading Preference Items in the West's Tax Law Dictionary Preference Items in "A […]

  • Principal Place of Business

    Principal Place of Business means:the place where a person conducts most of his or her business activities, where the person does business most of time. Two primary considerations in deciding whether a home office is a person's principal place of business, and therefore deductible, […]

  • Probate Estate

    Probate Estate means:the property passing by will or by operation of state intestate succession law from a decedent to his or her heirs or other beneficiaries. Probate estate may be quite different from gross estate. Description and Definition of Probate Estate Property held in a […]

  • Progressive Tax

    Progressive Tax means:a tax whose rate increases as the amount subject to the tax increases, thereby taxing the wealthy at a higher rate than the poor or the middle class. A tax that takes a larger percentage of income from high-income groups than from low-income groups. See also other […]

  • Profit sharing Plan

    Profit sharing Plan Profit sharing Plan means:an agreement that allows employees to share in company profits. A Profit sharing plan is a contribution plan under which the amount contributed to the employee's account is based on a percentage of the employer's profits. Annual […]

  • Premium Tax Credit

    Premium Tax Credit, I.R.S. Form 8962 Issue You may find information about Premium Tax Credit, I.R.S. Form 8962 in this Tax Platform of the American Encyclopedia of Law.

  • Property Credit

    Residential Energy Property Credit Issue You may find information about Residential Energy Property Credit in this Tax Platform of the American Encyclopedia of Law.