Related Words

Taxable Acquisition: Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years.

Taxable Event: That portion of a deceased person's estate that is subject to transfer tax.

Taxable Estate: A merger or consolidation that is not a tax-fee acquisition. The selling shareholders are treated as having sold their shares.

Taxable Earnings: The amount of an individual's annual income on which tax is payable defined as: Taxable earnings = Income - Reliefs - AllowancesThird PartyA third party is the person who claims against an i . . . View Full Definition

Taxable Income: An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.

Taxable Municipal Bond: Gross income less a variety of deductions.

Vertical Acquisition: A partnership between a start-up company and a brokerage firm or entrepreneurial company that provides capital for the new business in return for stock in the company and a share of the profits.

Taxable Transaction: Taxed private-purpose bonds issued by the state or local government to finance prohibited projects such as sports stadiums.

Taxable Pay: (gross salary less pension contributions less allowances) is used by the employer to calculate a person's income tax (according to his/her notice of coding) which is passed to the Inland Rev . . . View Full Definition

Tax Free Acquisition: Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.