Tag: ST
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Straddle
Description and Definition of Straddle A stock market strategy of investing in opposite investment positions to protect yourself from a risk of loss. Resources See Also Further Reading Straddle in the West's Tax Law Dictionary Straddle in "A Dictionary of Taxation"
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State Income Tax
Description and Definition of State Income Tax You may be required to pay a state tax based on your income. At the present time 45 states have enacted an income tax, although 2 of those only tax interest and dividends. You can deduct on your federal income tax return state tax paid in the year…
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Strategic Planning
Description and Definition of Strategic Planning Defining what you want to accomplish in your business and then identifying the strategic path you will follow to reach your goal in the most efficient and sensible manner. Resources See Also Further Reading Strategic Planning in the West's […]
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Standard Mileage Rate
Description and Definition of Standard Mileage Rate A fixed rate per mile allowed by the IRS for business, charitable, job-related moving, or medical purposes instead of keeping track of and deducting actual expenses, such as gas, maintenance, and depreciation. In any case, you add the cost […]
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State Income Taxes
State Income and Franchise Taxes This entry offer comprehensive coverage of every major aspect of state income taxes, including bankruptcy, corporate income taxes, state credits and incentives, tax shelters, and more. Bankruptcy (see below) Compensation Planning (see below) Corporate Income Taxes (see below) Credits and Incentives for State Taxes (see below) Personal Income Taxes (see…
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State Taxes
State Taxes Please select a state from the list below: Alabama Alaska Arkansas Arizona California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma…
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Stock-for-asset Reorganization
About Stock-for-asset Reorganization: A Stock-for-asset (c-type) Reorganization is a form of reorganization in which an acquiring corporation obtains, solely for all or part of its voting stock (or its parent's voting stock), substantially all of the assets of a second corporation. The “solely for v…
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Start-up Firms
About Start-up Firms: companies for which investors who hold qualified small business stock for at least 5 years may exclude 50% of the gains realized on the disposition of their stock. A qualified small business is a C corporation with less than $25 million of aggregate capitalization from January …
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Student
About Student: for purposes of determining whether a person is a dependent, an individual who, for each of five calendar months during a tax year, is a full-time student at a qualified educational institution or is pursuing a full-time course of institutional on-farm training. Former IRC (check <a h…
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Straight-line Depreciation
About Straight-line Depreciation: depreciation as determined by a method whereby an equal amount of the cost of an asset is considered an expense for each year of the asset's useful life. Example of Straight-line Depreciation: Lea…