Examlex
Who designed English Neoclassical interiors based on the antique without slavishly imitating it?
Material Participant
A taxpayer involved in business operations on a regular, continuous, and substantial basis, according to IRS regulations.
Adjustments
Deductions from gross income that are made before calculating taxable income, leading to the calculation of the Adjusted Gross Income.
AMTI
Alternative Minimum Taxable Income, a measure used to ensure that individuals and corporations pay at least a minimum amount of tax.
Passive Activity
Economic endeavors in which a person is not actively involved on a regular, continuous, or substantial basis, often related to investment income.
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