Examlex
In order to claim a dependency exemption for other than a qualifying child, a taxpayer must meet the support test. Generally, this is done by furnishing more than 50% of a dependent's support. What exceptions exist, if any, where the support furnished need not be more than 50%?
Security Interest
A legal claim or lien on collateral that gives a lender the right to take property if a borrower defaults on their obligations.
Perfection
In legal and financial contexts, refinement is the process of securing an interest in collateral against third parties, often through public registration.
Security Agreement
A legal document that provides a lender a security interest in specified assets of the borrower as collateral for a loan.
Filing
The process of submitting documents to a specified authority or organization for official review or record-keeping.
Q16: Regulations are generally issued immediately after a
Q49: Under the terms of a divorce agreement,Ron
Q56: Which of the following statements regarding the
Q57: On January 1,2014,Kinney,Inc.,an electing S corporation,holds $5,000
Q59: Three judges will normally hear each U.S.Tax
Q72: ASC 740 (FIN 48)is the GAAP equivalent
Q105: Duck,Inc.,is a C corporation that is not
Q133: Khalid contributes land (fair market value of
Q151: Meg's employer carries insurance on its employees
Q159: Under the terms of a divorce agreement,Kim