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Royalty Income
Income received from property rights, such as patents, copyrighted works, or mineral rights, often derived from the outcome of one's intellectual property.
Copyrights
Legal rights granted to the creators of original works, protecting them from unauthorized copying, distribution, or creation of derivative works.
IRS Method
A specific procedure or rule established by the Internal Revenue Service for tax calculation or compliance purposes.
Tax Court Method
A process used in U.S. Tax Court to adjudicate disputes between taxpayers and the Internal Revenue Service.
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