Examlex
The exclusion of gain on disposition of small business stock is not available on disposition of S corporation stock.
Account Receivable
Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.
Compounded Monthly
The calculation of interest where the interest earned over a month is added to the principal, and this process is repeated every month.
Compounded Monthly
The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, on a monthly basis.
Compounded Annually
Interest on an investment or loan calculated once a year on both the initial principal and the accumulated interest from previous periods.
Q5: One of the major drawbacks of using
Q14: Brown Corporation, an accrual basis corporation, has
Q15: The recognized gain for regular income tax
Q16: A service-type S corporation shareholder cannot claim
Q18: What is a COLA clause?
Q36: What is a pay-for-performance plan?
Q57: Nondeductible meal expense must be subtracted from
Q58: A limited liability company (LLC) is a
Q60: A shareholder contributes land to his wholly
Q61: The IRS will issue advanced rulings as