Medi Assist Healthcare IPO

Home Taxes

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

Taxes

Base cost

"Good morning class, today we will be discussing an important concept in finance known as 'cost basis'. This term is used in capital gains tax legislation to refer to the original cost of an asset to its owner. In simpler terms, it is the amount of money paid to acquire an asset. Understanding this concept is crucial as it directly affects the calculation of capital gains tax. Let's dive deeper into this topic and explore its implications."

Alien, tax treatment of

In the world of finance, we often come across the term "alien" when discussing tax liabilities. An alien is simply a person who is not a citizen of the country they reside i...

More

Imputed interest

One important concept in finance is implied interest. When a mortgage includes an interest rate that is deemed insufficient by tax law, the government will impute a higher r...

More

Tax-free zone

A customs-free zone is a designated area within a country's borders where tariffs and other indirect taxes do not apply. This allows for the free movement of goods and servi...

More

Gross income

In the world of finance, gross receipts refer to the total amount of money or assets received by an individual or business for their services. This can include both cash and...

More