Tax

Tag: SU

  • Survivors Program

    Survivors Program is. one of five programs in the Social Security System, under which a lump-sum payment and monthly payments are made to a qualifying worker's survivors….

  • Subpoena

    Subpoena (latin legal term) means:Latin for “under penalty”; a writ issued under the authority of a court to compel the appearance of a witness or of documents for a tax judicial proceeding….

  • Subsidiary Company

    Subsidiary Company means:a business entity whose voting stock is more than 50% owned by another firm. This Company or corporation is effectively controlled by another company (i.e. the parent company). For tax purposes, a parent company must own at least 80% of a subsidiary in order to file a co…

  • Substantial Valuation Overstatement

    Substantial Valuation Overstatement may have one of the following meanings, depending the context of the term: 1. The value or adjusted basis of any property claimed on any tax return is 200% or more of the amount determined to be the correct value or adjusted basis. 2. Also, the price for any prope…

  • Substantially Rehabilitated

    Substantially Rehabilitated is used. with respect to the tax credit for rehabilitation expenditures, referring to a property for which these expenditures exceed the greater of the adjusted basis of the property before rehabilitation or $5,000. Such a property is deemed to have been substantially reh…

  • Substantial Improvement

    Substantial Improvement is used. with respect to the subdivision of lots, an improvement is “substantial” if it results in more than a 10% increase in the value of a lot. Filling, draining, leveling, and clearing land are not considered substantial improvements. Substantially improved land does not …

  • Surcharge

    Surcharge means:a tax added to a tax; See also other Tax Terms and Definitions in U.S.A. surtax.U.S. and other Developed Countries International Tax MeaningAdditional amount which is calculated on and added to the normal charge or levy. In other words, the base on which a surcharge is …

  • Substantially Disproportionate Redemption

    Substantially Disproportionate Redemption means:a situation that occurs when (1) immediately after a redemption, a shareholder owns less than 50% of the total combined voting power of all classes of stock entitled to vote; (2) immediately after the redemption, the ratio of the stock the sharehol…

  • Substantial Economic Effect

    Substantial Economic Effect means:a requirement with regard to the treatment of partnership income. An allocation of items of income, gain, loss, deduction, or credit among the partners in a partnership must have substantial economic effect or be subject to reallocation based on the partners' in…

  • Substantially All the Assets

    Substantially All the Assets means:a requirement under Former IRC (check if this IRC provision is current here) §368(a)(l)(C) that an acquiring corporation in some reorganizations (e.g., A-type and C-type) must acquire substantially…