Tag: TA
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Taxable Income from the Property
About Taxable Income from the Property: gross income from an oil and gas property, less allowable deductions (excluding any deduction for depletion), including operating expenses, certain selling expenses, administrative and financial expenses, overhead, depreciation, <a href="http://lawin.org/Ad-va…
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Tax-deferred Exchange
About Tax-deferred Exchange: A tax-deferred (tax-free) Exchange is the exchange of one piece of property for another, often both real estate, under Section 1031 of the Internal Revenue Code. See also other Tax Terms and Definitions in U.S.A. like-kind property….
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Tax Credit for Disabled
.Tax Credit For Elderly or Disabled TaxpayersFormer IRC (check if this IRC provision is current here) §22. See elderly or disabled tax credit….
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Tax Counseling
.Tax Counseling For The Elderly (TCE)It is an U.S. Internal Revenue Service (IRS) program to provide free tax return preparation assistance for people aged 60 or older, especially those who are disabled or have special needs….
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Tax Equity and Fiscal Responsibility Act of 1982
About Tax Equity and Fiscal Responsibility Act of 1982: federal legislation or enactment (it is also called TEFRA) to raise tax revenues, mainly through closing various loopholes and instituting tougher enforcement procedures. see Tax Code in the U.S. Encyclopedia<…
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Taxpayer Compliance Measurement Program
About Taxpayer Compliance Measurement Program: The taxpayer Compliance Measurement Program (TCMP) was a line-by-line audit of the tax returns of approximately 50,000 taxpayers that is performed to gather data for the U.S. Internal Revenue Service to use to determine the best methods for selecting ta…
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Taxpayer Assistance Order
About Taxpayer Assistance Order: The Taxpayer Assistance Order (TAO) was a binding order issued by a problem resolution officer when the U.S. Internal Revenue Service is causing or is about to cause a significant hardship to a taxpayer. A TAO may order a stop to an <a href="http://lawi.us/internal-r…
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Tax Code
About Tax Code: The official body of tax laws and regulations. see Tax Code in the U.S. Encyclopedia and Tax Code in the Global Encyclopedia….
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Tax Basis
About Tax Basis: Term used in the US to refer to an amount that represents the taxpayer's investment in an asset. See basis….
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Tax Matters Partner
About Tax Matters Partner: Tax Matters Partner (TMP) is the partner who handles a partnership's tax matters for a specific year. The TMP can: 1. extend the time during which the U.S. Internal Revenue Service can assess tax for all partners based on partnership items, 2. choose where judicial review …