Tax

Tag: SU

  • Support Test

    Support Test is. one of five tests for claiming a person as a dependent. For dependency test purposes, support includes food, clothing, shelter, education, medical and dental care, recreation, and transportation. It also includes welfare, food stamps, and housing provided by the state. Support […]

  • Supreme Court Decisions

    Supreme Court Decisions “Review by the Supreme Court in federal tax cases – whether originating in the Tax Court in deficiency cases, or in the district courts or the Claims Court in refund cases – is ordinarily only by writ of certiorari . . . . Certiorari is granted in only a small proportion of…

  • Substantial Risk of Forfeiture

    About Substantial Risk of Forfeiture: The Substantial Risk of Forfeiture (SRF) is a condition whereby an individual's rights to full enjoyment of property are predicated upon his or her performing, or refraining from performing, certain actions. So long as the SRF is present, the property thus restr…

  • Substance over Form

    About Substance over Form: The Substance Vs. Form doctrine is a concept that distinguishes substance, which is the material or essential part of something, from form, which is the observance of a legal or technical manner or order. Doctrine which allows the tax authorities to ignore the legal form o…

  • Substantially Identical Securities

    About Substantially Identical Securities: Substantially Identical Stock Or Securities are acquired shares, stock or securities that are not materially different in essential ways from the stock or securities disposed of in a transaction. See also wash sale. Former IRC (check <a href="http://lawi.us/…

  • Subsection (f) Asset

    Subsection (f) Asset is used. with regard to a collapsible corporation, any of the following held by a corporation: • property that is not a capital asset. • property under construction. • land and improvements. A collapsible corporation may elect to recognize gain on Subsection (f) a…

  • Subsection (e) Asset

    Subsection (e) Asset is used. with regard to a collapsible corporation, any of the following held by a corporation: • property not used in the trade or business. • property used in the trade or business with net unrealized appreciation or depreciation. • copyrights and similar propert…

  • Substantially Vested

    Substantially Vested is a legal term that is. refering to property received by an employee for services that is transferable or is not subject to a substantial risk of forfeiture. The fair market value of substantially vested property is includable in income….

  • Sufficiency Requirement

    Sufficiency Requirement is. part of the purpose of requiring a taxpayer to file a tax return; this purpose is not solely to get tax information in some form, but also to get the information with such uniformity, completeness, and arrangement that the physical task of handling and verifying returns m…

  • Supplemental Security Income

    Supplemental Security Income is. one (also called SSI) of five programs in the Social Security system, under which monthly payments are made to people with both low income and few assets. Disability payments may also be made under the SSI program. Although run by the Social Security Administration, …