BNET Business Dictionary
Business Definition for: Taxable Income
- income that is subject to taxes
Additional Resources
- What Can We Infer About a Firm's Taxable Income From Its Financial Statements?
- This paper reviews and describes the income tax disclosures currently required in firm's financial statements. It discusses many of the problems with trying to estimate a firm's actual tax liabilities and taxable income from the income tax expense and disclosures to the financial statements. In doing so, it reveals the...
- White papers 2003-04-07
- How to Determine Taxable Income
- WASHINGTON _ Before you can pay income tax, you have to figure out what is and is not taxable income. If you're like most people, that's not too difficult. The bulk of your income comes from wages or a salary, and that's easy to determine....
- Research articles 1995-02-01
- Briefs: Customer overpayments not taxable income+
- Customer Overpayments - Customer credit balances which are attributable to customer overpayments which remain outstanding as of the close of a taxable year need not be included in taxable income pursuant to the claim of rights doctrine. There is an implicit recognition on the part of the taxpayer...
- Research articles 2001-06-29
- [427] Operation of s 129 to taxable income of shipowner or charterer.
- Byline: Annamaria Carey Mar 20, 2006 (Weekly Tax Bulletin - ABIX via COMTEX) -- The Australian Taxation Office ATO published Taxation Ruling TR 2006/1 on 8 March 2006. The...
- Research articles 2006-03-20
- Cooperative unit owner denied AMT property tax deduction.(alternative minimum taxable income)
- L and T are tenant-stockholders of a cooperative housing corporation. On their 2001 joint return, they deducted their proportionate share ($10,489) of the housing corporation's real estate taxes from their adjusted gross income. They also included this deduction in computing their alternative minimum taxable income AMTI....
- Research articles 2006-02-01
- Comparative Taxable Income
- This template allows you to enter four years of tax return data and compare the various elements of taxable income over the years. This type of format allows you to do some comparative analysis, possibly spotting trends and opportunities.
- Tools & templates 2007-09-01
- Comparative Taxable Income AnalysisÂ
- This template allows you to enter four years of tax return data and compare the various elements of taxable income over the years. This type of format allows you to do some comparative analysis, possibly spotting trends and opportunities. The starting year is the earliest of the four years of...
- Tools & templates 2003-04-16
- Computation of combined taxable income of possession corporations under the profit-split method - Tax Executives Institute Commonwealth of Puerto Rico and U.S. Possessions Committee
- On June 8, 1994, Tax Executives Institute filed the following comments on proposed regulations und of the Internal Revenue Code, relating to the computation of combined taxable income under the profi possession product is a component product or an end-product form. The Institute's submission was pre of its Commonwealth of...
- Research articles 1994-07-01
- Establishing basis for gambling losses: most taxpayers are unaware of the reporting requirements for gambling wins and losses. This article explains how to calculate and prove taxable income, net winnings and basis or losses claimed.
- EXECUTIVE SUMMARY * Most taxpayers believe gambling proceeds are immune from tax, unless they receive a Form W-2G * Each pull of a lever or push of a button on a slot machine, hand of blackjack or spin of a roulette wheel...
- Research articles 2007-06-01
- Teaching an old dog new tricks: CRTs and UBTI.(charitable remainder trusts, unrelated business taxable income)
- Dec. 20, 2006 marked a unique day in the taxation of charitable remainder trusts CRTs--President Bush signed into law the Tax Relief and Health Care Act of 2006 (TRAHCA '06). Buried in that legislation is revised Sec. 664c, which significantly alters the tax treatment of unrelated...
- Research articles 2007-07-01
- Subsidized cafeteria meals taxable as employee income
- Subsidized cafeteria meals taxable as employee income WASHINGTON -- The Internal Revenue Service has issued new rules requiring businesses with company-subsidized employee cafeterias and dining rooms to allocate the value of those meal subsidies as taxable income to workers. The new regulations--which are reminiscent of the agency's controversial...
- Research articles 1986-01-13
- Net income from PTPs treated as qualifying RIC income.(publicly traded partnership, regulated investment company)
- A regulated investment company RIC generally does not pay Federal income tax at the entity level. Rather, in computing its taxable income, a RIC deducts dividends paid to its shareholders, usually eliminating its taxable income; see Sec. 852b. RIC taxation is available only if the entity...
- Research articles 2005-01-01
- Book-Tax Conformity for Corporate Income: An Introduction to the Issues
- This paper discusses the issues surrounding the proposals to conform financial accounting income and taxable income. The two incomes diverged in the late 1990s with financial accounting income becoming increasingly greater than taxable income through the year 2000. While the cause of this divergence is not known for certain, many...
- White papers 2005-01-01
- Freehold Royalty Trust Declares Additional 2005 Income Payable to Unitholders and Confirms 2005 Taxability.
- CALGARY, ALBERTA, Feb 9, 2006 CCNMatthews via COMTEX -- Freehold Royalty Trust (TSX:FRU.UN) ("Freehold") announces additional 2005 income payable to Unitholders of $0.08 per Trust Unit. For Canadian tax purposes, distributions paid or payable to Unitholders for the 2005 taxation year are 100% taxable other income....
- Research articles 2006-02-09
- Net Income Statement
- While some lines of an income statement depend on estimates or forecasts, the interest expense line is a basic equation. When accounting for income tax expense, however, a business can use different accounting methods for some of its expenses than it uses for calculating its taxable income. The hypothetical amount...
- White papers 2009-01-01
- Toyota tops in declared income for 4th straight year.
- TOKYO, Aug. 22 Kyodo Toyota Motor Corp. retained its spot as the biggest declared income earner among Japanese firms for the fourth straight year in fiscal 2002, a private research firm said Friday. The country's largest automaker declared 988.7 billion yen in ...
- Research articles 2003-08-26
- Toyota reports largest income in Japan for 1st half of 2002.
- TOKYO, Nov. 25 Kyodo Toyota Motor Corp. was the top taxable income earner among Japanese companies closing their books in the first half of calendar 2002, while none of Japan's four major banks made it to the list of the top 100 firms in terms...
- Research articles 2002-12-02
- Toyota retains status as Japan's top income earner in 2002.
- TOKYO, May 23 Kyodo Toyota Motor Corp. retained its status as Japan's biggest taxable income earner for 2002 for the third year in a row, Teikoku Databank Ltd. said Friday. Toyota filed taxable income of 937.1 billion yen for the year ended...
- Research articles 2003-05-27
- Canberrans make the rich list with highest average income.
- Feb 14, 2002 The Canberra Times ABIX via COMTEX -- Residents of Manuka have the highest taxable incomes in the Australian Capital Territory ACT, earning $A54,992 on average. Overall, residents of the ACT have a higher taxable income than those in the rest of...
- Research articles 2002-02-13
- TOYOTA DECLARES LARGEST TAXABLE INCOME FOR 3RD STRAIGHT YEAR.
- TOKYO, Aug 21 Asia Pulse - Toyota Motor Corp. (TSE:7203) reported the largest taxable corporate income -- 937.1 billion yen (US$7.89 billion), up 38 per cent from the previous year -- for a third straight year in fiscal 2001, according to rankings released Tuesday by Teikoku Databank Ltd. ...
- Research articles 2002-08-21
