What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as furniture and office equipment. Tangible personal property is always depreciated over either a five- or...
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects of the Economic Recovery Tax Act of 1981 (ERTA). Both of these pieces of tax...
DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affairs to the tax authorities to reduce their tax liability and includes dishonest tax...
What is a tangible asset
A tangible asset is an asset with a physical form. Tangible assets include both fixed assets, such as buildings and machinery, and liquid assets, such as cash and investments. Tangible assets are important because they...
How to Make the Most Money From Tape Reading
Although you can master the art of tape reading in a few minutes, it can take years to get it right. The market is incredibly complex, and the structure has changed...
What is 'Tax Arbitrage' The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of tax codes often allows for many incentives which drive individuals to restructure their transactions in...
What is a 'Target Return' A target return is a pricing model that prices a business based on what an investor would want to make from any capital invested in the company. Target return is calculated as...
DefinitionTake-out or takeout; carry-out; take-away, takeaways, parcel, refer to prepared meals or other food items, purchased at a restaurant, that the purchaser intends to eat elsewhere. A concept found in many ancient cultures, take-out food is now common worldwide,...
DefinitionTangible common equity is the subset of shareholders' equity that is not preferred equity and not intangible assets. Tangible Common Equity - TCE What is 'Tangible Common Equity - TCE' Tangible common equity (TCE) is a measure...
Definition
A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves the same end.
Tax Efficiency
What is 'Tax Efficiency'
Tax efficiency is an attempt to minimize tax liability...