Examlex
Al Jazeera began broadcasting in Canada in 2010.
Applicable Federal Rate
The minimum interest rate set by the IRS for private loans to prevent tax avoidance through low-interest loans.
Recognize Income
Recognize income refers to the point in time when income is considered earned and must be reported for tax purposes.
Tax-exempt
Income or transactions that are legally excluded from taxation.
Economic Benefit
The advantage or gain received from a financial transaction or situation, which may have tax implications or influence fiscal decisions.
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