Qualified Intermediary: Corporation or entity who facilitates a 1031 tax deferred exchange (also known as an accommodator). To be a qualified intermediary, the intermediary must not be a related party.

 

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Qualified Intermediary: Corporation or entity who facilitates a 1031 tax deferred exchange (also known as an accommodator). To be a qualified intermediary, the intermediary must not be a related party.

Qualified Plan Or Trust: A tax-deferred plan allowing employer and employee contributions that build up savings, which are paid out at retirement or on termination of employment. Tax is paid only when amounts are dr . . . View Full Definition

Qualified Plan: A defined benefit or defined contribution pension plan covered by ERISA and IRS regulations qualifying for certain tax advantages for both the employer and the participant.

Qualified Retirement Plan: A qualified retirement plan is an employer sponsored plan that meets the requirements established by the Internal Revenue Service (IRS) and the US Congress. Pensions, profit-sharing plans, m . . . View Full Definition

Qualified Special Disabled Veteran: A special disabled veteran who satisfies the requisite skill, experience, education and other job-related requirements of the employment position such veteran holds or desires and who, with . . . View Full Definition

Unqualified Opinion: A dividend declared by the directors of a corporation that has not yet been paid.

Standard Unqualified Audit Report: Audit report indicating that all auditing conditions have been met, no significant misstatements have been discovered and remain uncorrected, and the auditors feel the financial statements a . . . View Full Definition

Qualified Through Verification: An AMS pilot program (since 1996) for the fresh-cut produce industry, enabling them to gain official certification of the wholesomeness of their products to improve marketing opportunities. . . . View Full Definition

Qualified Opinion: An auditor's opinion expressing certain limitations of an audit.

Qualified Medical Child Support Order (QMCSO): An order, decree, judgment or administrative notice (including a settlement agreement) requiring health coverage for a child; issued by a domestic relations court or other court of competent . . . View Full Definition