taxable

(redirected from Taxable transaction)
Also found in: Thesaurus, Financial.

tax

 (tăks)
n.
1. A contribution for the support of a government required of persons, groups, or businesses within the domain of that government.
2. A fee or dues levied on the members of an organization to meet its expenses.
3. A burdensome or excessive demand; a strain.
tr.v. taxed, tax·ing, tax·es
1. To place a tax on (income, property, or goods).
2. To exact a tax from: taxed the people.
3. Law To assess (court costs, for example).
4. To make difficult or excessive demands upon: a boss who taxed everyone's patience.
5.
a. To accuse; confront: taxed him with ingratitude.
b. To hold accountable: The contractor was taxed with the mistake of the subcontractor.

[Middle English, from taxen, to tax, from Old French taxer, from Medieval Latin taxāre, from Latin, to touch, reproach, reckon, frequentative of tangere, to touch; see tag- in Indo-European roots.]

tax′a·ble (tăk′sə-bəl) adj.
tax′a·bly adv.
tax′er n.

taxable

(ˈtæksəbəl)
adj
1. (Accounting & Book-keeping) capable of being taxed; able to bear tax
2. (Accounting & Book-keeping) subject to tax
n
(Accounting & Book-keeping) (often plural) US a person, income, property, etc, that is subject to tax
ˌtaxaˈbility, ˈtaxableness n
ˈtaxably adv

tax•a•ble

(ˈtæk sə bəl)

adj.
1. capable of being taxed; subject to tax: a taxable gain.
n.
2. Usu., taxables. persons or things that are subject to tax.
[1425–75]
tax`a•bil′i•ty, tax′a•ble•ness, n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Adj.1.taxable - (of goods or funds) subject to taxation; "taxable income"; "nonexempt property"
nonexempt - (of persons) not exempt from an obligation or liability
nontaxable, exempt - (of goods or funds) not subject to taxation; "the funds of nonprofit organizations are nontaxable"; "income exempt from taxation"
Translations
خاضِع للضَّريبَه
zdanitelný
skattepligtig
veronalainenverotettava
oporeziv
adóköteles
skattskyldur
zdaniteľný
vergilendirilebilir

taxable

[ˈtæksəbl]
A. ADJgravable, imponible
B. CPD taxable income Nrenta f gravable, renta f imponible

taxable

[ˈtæksəbəl] adj [income] → imposabletax allowance npart f du revenu non imposable, abattement m à la base

taxable

adj personsteuerpflichtig; income also(be)steuerbar (form); goodsbesteuert, abgabenpflichtig

taxable

[ˈtæksəbl] adjimponibile

tax

(tӕks) noun
1. money, eg a percentage of a person's income or of the price of goods etc taken by the government to help pay for the running of the state. income tax; a tax on tobacco.
2. a strain or burden. The continual noise was a tax on her nerves.
verb
1. to make (a person) pay (a) tax; to put a tax on (goods etc). He is taxed on his income; Alcohol is taxed.
2. to put a strain on. Don't tax your strength!
ˈtaxable adjective
liable to be taxed. taxable income/goods.
taxˈation noun
the act or system of taxing.
ˈtaxing adjective
mentally or physically difficult. a taxing job.
ˌtax-ˈfree adjective, adverb
without payment of tax. tax-free income.
ˈtaxpayer noun
a citizen who pays taxes.
ˈtax (someone) with
to accuse (a person) of. I taxed him with dishonesty.
References in periodicals archive ?
The IRS added a BRR under -35T(f) because certain events (such as worthlessness or insolvency) could allow a subsidiary to cease to exist in a taxable transaction, but allow a portion of the group's consolidated net operating or capital loss to remain with the group.
As a result, all the funds in the IRAs were deemed distributed in a taxable transaction in the year the Thiessens guaranteed the promissory note.
The divestment of the holding in Ncell by TeliaSonera Norway Nepal Holding AS (TSNN), a Telia Company subsidiary jointly held with Visor, is not a taxable transaction in Nepal.
The limit of taxable transaction should be enhanced from 50 thousand rupees to one hundred thousand rupees to save small businesses from the impact.
As such, any gain on a [section]1031 transaction is deferred until the exchanged property is eventually disposed of in a subsequent taxable transaction.
The realized gain in this case is deferred, generally until the taxpayer disposes of the replacement property in a taxable transaction.
To solve this problem, the final regulations modify the proposed regulations by providing that in a distribution of target stock (and also for stock in a target that a seller retains after the distribution date) the seller is deemed to purchase the new target stock that is distributed or retained not from the new target but from an unrelated person in a taxable transaction.
As an individual taxpayer and business owner, you often have options as to when and how to complete a taxable transaction.
If a C corporation converts its tax status to a partnership or a disregarded entity, the resulting actual or deemed liquidation, in most cases, would be a taxable transaction for both the corporation and its shareholders.
If an investor acquires bullion-type coins in a taxable transaction (such as in a non-like-kind exchange or as payment of a stock dividend or for services rendered), the coins will be valued at fair market value, not face value, for purposes of that transaction (see Q 7781).
In such instances, even though a nontaxable transaction may yield the highest net proceeds to the seller, the fair value of the reporting unit is estimated assuming a taxable transaction structure because market participants would not likely structure a deal any other way.
In a taxable transaction, the net assets are considered sold and the buyer takes a fair value tax basis in the net assets.