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ordinary gross income

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См. также в других словарях:

  • adjusted ordinary gross income — A determination peculiar to the personal holding company tax imposed by I.R.C. No. 541. Adjusted ordinary gross income is the corporation s gross income less capital gains, No. 1231 gains, and certain expenses. I.R.C. No. 543(bX2). See also… …   Black's law dictionary

  • adjusted ordinary gross income — A determination peculiar to the personal holding company tax imposed by I.R.C. No. 541. Adjusted ordinary gross income is the corporation s gross income less capital gains, No. 1231 gains, and certain expenses. I.R.C. No. 543(bX2). See also… …   Black's law dictionary

  • income — in·come n: a gain or recurrent benefit usu. measured in money that derives from capital or labor; also: the amount of such gain received in a period of time an income of $20,000 a year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Income tax in the United States — UStaxationThe federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates, and certain bankruptcy estates. Some state and municipal… …   Wikipedia

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Gross Dividends — Similar in concept to gross income, gross dividends are the sum total of all dividends received. Gross dividends include all ordinary dividends that are paid, plus capital gains distributions and nontaxable distributions received by the taxpayer… …   Investment dictionary

  • Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… …   Wikipedia

  • Ordinary Loss — Any loss incurred by a taxpayer that is not considered a capital loss. Ordinary losses can stem from many causes, including casualty and theft. Ordinary losses that are larger than a taxpayer s gross income for the year can leave the client with… …   Investment dictionary

  • income — A word having different meanings, dependent upon the connection in which it is used and the result intended to be accomplished. Equitable Trust Co. v Prentice, 250 NY 1, 164 NE 723, 63 ALR 263. For tax purposes, the gain derived from capital,… …   Ballentine's law dictionary

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