What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the United States is a federal court established by Congress to provide a judicial forum where...
What is 'Target Risk Fund' A fund that attempts to expose its investors to a specified amount of risk. The fund manager of a target risk fund is responsible for overseeing all the securities owned within the...
What is 'Tainted Alpha' An alpha return that cannot be attributed solely to the money manager due to consequential beta exposure. Tainted alpha is seen when money managers invest in individual equities, instead of using market neutral...
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...