tax year

The period used for computing federal or state income-tax liability, usu. either the calendar year or a fiscal year of 12 months ending on the last day of a month other than December.

— Also termed taxable year. [Cases: Internal Revenue 3075–3093; Taxation 1038, 1078. C.J.S. Internal Revenue §§ 21, 41–43, 45, 51–55, 78, 334, 670; Taxation §§ 1738–1755, 1759.]

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词条贡献者

法律翻译大智，毕业于世界顶级翻译学院，专注翻译各类与税务、财富规划服务和高管薪酬有关的法律文件。