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What is meant by software piracy?
Section 179 Expense
A U.S. tax code provision allowing businesses to deduct the full purchase price of qualifying equipment or software within a tax year instead of capitalizing and depreciating it over time.
Raul's Basis
This term is not a standard-tax related term or widely recognized financial concept. Likely refers to the basis of an investment or asset specific to an individual named Raul, which generally means the cost of the asset for tax purposes.
Capital Asset
Property owned for investment or personal use, excluding inventory or assets sold as part of a business's regular operations.
Guaranteed Payment
Payments made to partners in a partnership regardless of the partnership's income, often for services rendered or for the use of capital.
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