unrelated business taxable income
unrelated-business taxable income. See unrelated-business income under INCOME.
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unrelated-business taxable income. See unrelated-business income under INCOME.
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The income of a corporation as adjusted for certain items (such as excess charitable contributions), less the dividends-paid deduction and the accumulated-earnings credit. • It serves as the base upon which the accumulated-earnings tax is imposed. See accumulated-earnings tax under TAX. [Cases: Internal Revenue 3833.]
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accumulated taxable income 〈美〉累积应税收入 计征累积收益税的基础,公司收入经过某些项目(如联邦所得税、慈善捐献以及已收股利扣除)的调整后,再减去已支付的股利及累积盈余扣除额,便是公司应纳税收入。
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Gross income minus all allowable deductions and exemptions. • Taxable income is multiplied by the applicable tax rate to compute one’s tax liability. [Cases: Internal Revenue 4529; Taxation 980. C.J.S. Internal Revenue §§ 644–645; Taxation §§ 1715–1716.]
taxable income 应税所得;应税收益 对企业或职工征收所得税的计税收益额,即收益总额扣减各项调整数及减免额以后的余额。其中主要包括工资、薪金、奖金、佣金、利息、租金、收益和股利等。
Uniform Division of Income for Tax Purposes Act. A uniform law, adopted by some states, that provides criteria to assist in assigning the total taxable income of a multistate corporation among the various states. — Abbr. UDITPA. [Cases: Taxation 1005. C.J.S. Taxation § 1719.]
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assignment-of-income doctrine. Family law. The common-law principle that the person who has earned income is the person taxed on it, regardless of who receives the proceeds. • Under this doctrine, future income assigned to another is taxable to the assignor. For example, in Lucas v. Earl, 281 U.S. 111, 50 S.Ct. 241 (1930), the Court
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taxable, adj. 1. Subject to taxation (interest earned on a checking account is taxable income). [Cases: Internal Revenue 3110; Taxation 978. C.J.S. Internal Revenue §§ 59–60; Taxation§§ 1715–1716, 1721–1722, 1727.] 2. (Of legal costs or fees) assessable (expert-witness fees are not taxable court costs). [Cases: Costs 146–194; Federal Civil Procedure 2742. C.J.S. Costs §§ 6,
taxable termination. A taxable event that occurs when (1) an interest in a generation-skipping trust property terminates (as on the death of a skip person’s parent who possessed the interest), (2) no interest in the trust is held by a nonskip person, and (3) a distribution may be made to a skip person. • Before
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A tax levied on a not-for-profit organization’s taxable income, such as advertising revenue from a publication. [Cases: Internal Revenue 4068; Taxation 1018. C.J.S. Internal Revenue §§ 473–474; Taxation § 1706.]
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