摘要: A real estate investment trust (REIT) that is controlled by a single company or investor and set up to own the real estate assets of the parent company for tax purposes. This tax mitigation strategy i[阅读全文:]
摘要: A form of insurance coverage that replaces business income lost as a result of an event that interrupts the operations of the business, such as fire or a natural disaster. Business interruption insura[阅读全文:]
摘要: A term coined by the forest-products industry to describe an abusive subsidy scheme within the industry. Black liquor is a byproduct of creating wood pulp and is used as fuel. As part of the 2005 tran[阅读全文:]
摘要: A taxpayer who qualifies for the additional standard deduction amount accorded to blind persons. Blind taxpayers are eligible to have their standard deductions increased by the same amount as taxpayer[阅读全文:]
摘要: Any resident of a foreign country that meets the IRS criteria for the bona fide residence test. This test classifies any person that lives in any foreign country for the entire tax year as a Bona Fide[阅读全文:]
摘要: An additional amount of deductible depreciation that is awarded above and beyond what would normally be available. Bonus depreciation is always taken right away, in the first year that the depreciable[阅读全文:]
摘要: A rate of tax above which it is unprofitable to engage in a transaction. After the tax is paid, there would not be enough profit or financial benefit for the parties involved to justify the time and e[阅读全文:]
摘要:
A series of temporary income tax relief measures enacted by President George W. Bush in 2001 and 2003. The tax cuts lowered federal income tax rates for everyone, decreased the marriage penalty, lo[阅读全文:]
摘要: Any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and administration.
Also known as "busine[阅读全文:]
摘要: Any expenses incurred in the ordinary course of business. Business expenses are deductible and are always netted against business income.
Although it is not necessary to include receipts[阅读全文:]