Examlex
What are the four fundamental forces in the Universe and how did they affect the first steps of the Big Bang and the inflation of the Universe?
Basis
The amount of investment in property for tax purposes, used to determine the gain or loss on the sale, exchange, or other disposition of the property.
Ownership Interest
Ownership interest refers to the rights and claims an individual or entity has on a property or business, often represented in terms of shares or equity.
Fiscal-Year End
The completion of a one-year, or 12-month, accounting period used by governments and businesses for financial reporting and budgeting.
Automatic Extension
An extension of time granted by the IRS for filing tax returns without needing to file a request form.
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