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Tax

Of or relating to the fees charged by a government on a product, income, or activity; and also to the system by which they are successfully levied.

Industry: Accounting

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Tax

Abatement

Accounting; Tax

The removal of a nuisance or a reduction or a decrease such as a tax abatement

K-1

Accounting; Tax

The information form from a partnership, S corporation, trust or estate, which provides the flow-through income and losses to be reported on an investor's individual return

Long position

Accounting; Tax

In stocks, bonds, etc it means you own the stock, bond, option, etc Often just referred to as simply long

Inflation endorsement

Accounting; Tax

A clause in a homeowners policy where the coverage is automatically increased periodically to account for changes in a price index

Accumulated depreciation

Accounting; Tax

The total depreciation taken on an asset since it was acquired

Long bond

Accounting; Tax

A bond that matures in more than 10 years

Activity

Accounting; Tax

For the passive activity rules, it's the integral economic unit for measuring a taxpayer's level of participation in a trade or business One location can have more than one business activity For ...