Tangible Personal Property
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 seven-year period using straight-line amortization, but is eligible for accelerated depreciation as well. Explaining 'Tangible Personal...
Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
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 legislation took place during the Reagan Presidency. Explaining 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA'...
Tax Evasion
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 reporting, such as declaring less income, profits or gains than the amounts actually earned, or overstating deductions. Tax Evasion ...
Tangible Asset
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 can be used to generate revenue or create value for a company. For example, a company might use its factory...
Tape Reading
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 dramatically over the years. If you want to know how to make the most money from tape reading, here are...
Tax Arbitrage
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 the most advantageous way in order to pay the least amount of tax. Some forms of tax arbitrage are legal...
Target Return
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 the money invested in a venture plus the profit that the investor wants to see in return, adjusted for the...
Takeout
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, with a number of different cuisines and dishes on offer. Takeout What is 'Takeout' A slang term denoting...
Tangible Common Equity – TCE
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 of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. Tangible common...
Tax Efficiency
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 when given many different financial decisions. There are a variety of ways to obtain tax efficiency, including selecting tax efficient...