Hello World
Tax Glossary
What Is “Placed in Service”?
What Is “Placed in Service”? “Placed in service” is the date an asset is ready and available for a specific...
Tax Glossary
What Is “Original Issue Discount”?
What Is Original Issue Discount (OID)? Original Issue Discount (OID) is a type of interest that occurs when a bond...
Tax Glossary
What Is “Organizational cost amortization”?
What Is Organizational Cost Amortization? Organizational cost amortization is the process of deducting the expenses specifically related to the legal...
Tax Glossary
What Is “Ordinary Gain”?
What Is Ordinary Gain? Ordinary gain is the profit you earn from the sale or exchange of an asset that...
Tax Glossary
What Is “Ordinary Dividend”?
What Is an Ordinary Dividend? An ordinary dividend is a portion of a company’s profits paid out to its shareholders...
Tax Glossary
What Is “Nonqualified Stock Option”?
What Is a Nonqualified Stock Option (NSO)? A Nonqualified Stock Option (NSO) is a type of stock option that does...
Tax Glossary
What Is “Net Investment Income Tax”?
What Is Net Investment Income Tax (NIIT)? The Net Investment Income Tax (NIIT) is a 3.8% surtax that applies to...
Tax Glossary
What Is “Mutual Fund Distribution”?
What Is a Mutual Fund Distribution? A mutual fund distribution is a payment made by a mutual fund to its...
Tax Glossary
What Is “Municipal Bond Interest”?
What Is Municipal Bond Interest? Municipal bond interest is the money paid to investors who lend funds to state or...
Tax Glossary
What Is “Modified Accelerated Cost Recovery System”?
What Is the Modified Accelerated Cost Recovery System (MACRS)? The Modified Accelerated Cost Recovery System (MACRS) is the current standard...