Examlex
A multicultural organization is one that:
AMT Purposes
For Alternative Minimum Tax calculations, specific adjustments and tax preference items that determine AMT taxable income.
At-Risk Amount
The portion of an investment under which the investor could actually lose money, often considered in tax implications and incentives.
Full Recourse Debt
A loan in which the lender is allowed to claim against the borrower’s other assets in addition to the collateral if the borrower defaults.
Rental Activity
This refers to engaging in the leasing or renting of property as a means of earning income, often subjected to specific tax rules and reporting requirements.
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