Examlex
Employment is
Taxpayer's Home
The primary place of abode of a taxpayer that determines tax liabilities and benefits.
Loss Carryforward
A tax provision that allows taxpayers to use a current year's losses to reduce taxable income in future years.
Taxable Income
The portion of income that is subject to taxation after all deductions, exemptions, and adjustments.
Equipment
Physical items purchased for use in operations of a business, often subject to depreciation for tax purposes.
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