Examlex
Which is a vertical section of soil that is generally organized into distinct horizontal layers?
Basis
The amount of investment in something for tax purposes, used to calculate gain or loss when the property is sold.
Taxable Gain
The increase in value of an asset or investment that is subject to taxes when sold or disposed of.
Fiscal Year-End
The conclusion of a 12-month accounting period for which an organization plans its financial reports and statements.
Income Tax Return
A document filed with a government body, outlining income, expenses, and other tax-related information to determine tax liability.
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