Hello World
Tax Glossary
What Is “Exercise price”?
The exercise price, also commonly known as the “strike price,” is the fixed price per share at which you can...
Tax Glossary
What Is “Escrow account”?
What Is an Escrow Account? An escrow account is a neutral holding area managed by a third party—usually a mortgage...
Tax Glossary
What Is “Employee Stock Purchase Plan”?
What Is an Employee Stock Purchase Plan (ESPP)? An Employee Stock Purchase Plan (ESPP) is a company-run program that allows...
Tax Glossary
What Is “Disqualifying Disposition”?
What Is a Disqualifying Disposition? A disqualifying disposition occurs when you sell or trade stock acquired through an Incentive Stock...
Tax Glossary
What Is “Depreciation”?
What Is Depreciation? Depreciation is a tax method used to spread the cost of a business asset over the course...
Tax Glossary
What Is “Depreciable basis”?
What Is Depreciable Basis? Depreciable basis is the total dollar amount of a business asset’s cost that is eligible to...
Tax Glossary
What Is “Depletion”?
What Is Depletion? Depletion is a tax deduction used by owners of natural resources to account for the physical reduction...
Tax Glossary
What Is “Convention”?
What Is a Depreciation Convention? In the world of U.S. taxes, a “convention” is a specific rule that determines when...
Tax Glossary
What Is “Business-use percentage”?
What Is Business-Use Percentage? The business-use percentage is the portion of time or space an asset is used for business...
Tax Glossary
What Is “Bonus Depreciation”?
What Is Bonus Depreciation? Bonus depreciation is a tax incentive that allows businesses to immediately deduct a large percentage of...