short period year — A year for which a tax return is filed, which actually is a period of less than one year but treated as a full tax year, under certain conditions such as a change by a taxpayer of his annual accounting. Internal Revenue Code § 443(a) … Ballentine's law dictionary
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Short (finance) — Schematic representation of short selling in two steps. The short seller borrows shares and immediately sells them. He then waits, hoping for the stock price to decrease, when the seller can profit by purchasing the shares to return to the lender … Wikipedia
Short-Term Gain — A capital gain realized by the sale or exchange of a capital asset that has been held for exactly one year or less. Short term gains are taxed at the taxpayer s top marginal tax rate. A short term gain can only be reduced by a short term loss. A… … Investment dictionary
year — noun 1 period of 12 months; period from January till December ADJECTIVE ▪ last, past ▪ The chart shows our performance over the past year. ▪ past, preceding, previous, recent … Collocations dictionary
Tax levies — A Tax levy, under United States Federal law, is an administrative action by the Internal Revenue Service (IRS) under statutory authority, without going to court, to seize property to satisfy a tax liability. The levy includes the power of… … Wikipedia
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat … Wikipedia
short interest — The withholding tax system that applies to UK borrowers only requires income tax to be withheld from yearly or annual interest. Short interest can always be paid gross. Interest is annual or yearly interest, in general, if the debt on which it is … Law dictionary
tax return — n: return (5) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax return … Law dictionary
Short Sell Against the Box — The act of short selling securities that you already own. This results in a neutral position where your gains in a stock are equal to the losses. For example, if you own 100 shares of ABC and you tell your broker to sell short 100 shares of ABC,… … Investment dictionary
