Tag: million
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Tax Exempt
What is tax exempt status
Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be...
Tax Expense
DefinitionA company's tax expense, or tax charge, is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax...
Tandem Loan
What is 'Tandem Loan' Two loans taken out on one asset, which is usually a house; the secondary loan is normally added...
Teaser Loan
By definition, a teaser loan, also called an adjustable rate mortgage loan, is where the interest is paid at a very low rate by...
Tax Deed
What is a tax deed sale
A tax deed sale is a public auction of property that has been foreclosed upon because the owner has...
Tax Attribute
What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of...
Tax Clawback Agreement
What is a Tax Clawback Agreement
A Tax Clawback Agreement is an agreement between a taxpayer and the IRS in which the taxpayer agrees to...
Take-Out Loan
What is a 'Take-Out Loan' A type of long-term financing (usually) on a piece of real property. Long-term take-out loans replace interim...
Dealer Option
What is 'Dealer Option' An option issued on the physical inventory of a commodity. A dealer option is typically issued by companies...