tax year

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tax year

n
(Accounting & Book-keeping) a period of twelve months used by a government as a basis for calculating taxes
Translations

tax year

nanno fiscale
References in periodicals archive ?
31--note that in this example, some tax years will end in December and some will end in January).
Under existing law, an individual's and other noncorporate taxpayer's "adjusted net capital gain" is taxed at a 15 percent top rate or, to the extent it would have been taxed at a 10 percent or 15 percent rate if it had been ordinary income, at a 5 percent top rate (or a 0 percent top rate for tax years beginning after 2007).
If made final, the procedure would be effective for tax years ending on or after its date of publication.
The study further stated that at least one of the tax years involved must be a non-zero balance tax year.
You and/or your spouse materially participated in the operation of your woodland activity for any five of the 10 tax years immediately preceding the tax year in question.
Because the change is made under the majority-interest rule, no further change in tax year (due to changes in majority members' tax years) will be required for the two tax years following the year of change (Sec.
The basic standard deduction for joint returns will be twice the basic standard deduction for single returns for tax years 2004-10, instead of dropping to 174 percent of what singles pay.
Maximum yearly contribution: This ceiling is increased from $500 to $2,000, for tax years beginning after 2001 (code section 530(b)(1)(A)(iii)).
The IRS also permits crediting of overpayments against underpayments for the period of time when the underpayments and overpayments are both unpaid and outstanding, even if they are from different tax years or for different types of taxes.
If the LLC changes its tax year for this reason, no further change (due to changes in majority members' tax years) in the LLC's tax year is required for the two tax years following the year of change.
24344(c), the foreign investment interest offset, will not be applicable in most cases for tax years ending prior to Dec.