Examlex
With HTTPS,data are encrypted using the Secure Socket Layer (SSL) protocol,which is also known as ________.
Passive Activity
Economic activities in which the taxpayer does not materially participate, often producing income subject to special tax rules.
Materially Participate
Involvement in the operations of a business or activity in a regular, continuous, and substantial way, affecting the tax consequences.
AMT Tax Rate
The percentage applied to compute the Alternative Minimum Tax, ensuring that taxpayers pay a minimum amount of tax.
Qualified Nonrecourse Financing
Debt financing for which the borrower is not personally liable and which is secured by real property used in the borrower’s trade or business.
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