When determining how much goodwill a company possesses, there are several factors that must be considered. These factors include the measurement of goodwill, the...
What is 'Impairment' Impairment is an accounting principle that describes a permanent reduction in the value of a company's asset, normally a...
What is a 'Realized Gain'
A realized gain is the consequence of selling an asset at a price that is greater than the price at...
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
What is 'Target Risk Fund' A fund that attempts to expose its investors to a specified amount of risk. The fund manager...
What is 'Tainted Alpha' An alpha return that cannot be attributed solely to the money manager due to consequential beta exposure. Tainted...
What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as...
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...
DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of...
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...