摘要: The test that is applied to determine whether meals, lodging, transportation or other work-related expenses furnished by an employer for employees are taxable. The convenience of employer test mandate[阅读全文:]
摘要:
One of two accounting methods used to allocate the costs of extracting natural resources, such as timber, minerals and oil, and to take those costs as a tax deduction. Cost depletion looks at the t[阅读全文:]
摘要: Any travel expenses incurred while at a business convention. These expenses are tax-deductible if they are business or work-related.
Travel expenses may include food, lodgings, conventio[阅读全文:]
摘要: The act of a parent company, whose headquarters are located within U.S. borders, switching registration with their offshore subsidiary in order to take advantage of foreign tax benefits.
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A claim made against a business for outstanding debt. The debt can be owed to another business, or could be in the form of tax obligations to the government. For example, the federal government may[阅读全文:]
摘要: A levy placed on the profit of a firm; different rates are used for different levels of profits.
Corporate taxes are usually levied by all levels of government (ie. State and Country)
摘要: A section of the Internal Revenue Code that expands the types of transactions that are considered to be sales and are subject to capital gains tax. According to this rule, transactions that effectivel[阅读全文:]
摘要: An area designated as a war zone during a specified period. Members of the military do not need to claim taxable income they earn while working in a combat zone.
Troops on active duty in[阅读全文:]
摘要: Income earned by taxpayers who live in community property states. Community income is considered to belong equally to both spouses, just as with all other property that is owned or acquired by either [阅读全文:]
摘要: Expenses that are incurred as a result of the taxpayer's regular means of getting back and forth to his or her place of employment. Commuting expenses can include car expenses and public transportati[阅读全文:]