Taxable year

taxable year
period (usually 12 months) during which the tax liability of an individual or entity is calculated; in the case of certain nontaxable entities, period for which tax information is provided.
See also short year ...

Taxable year
Definition: [crh] The 12-month period an individual uses to report income for income tax purposes. For most individuals, their tax year is the calendar year.

Taxable Year
The 12 month period used by an employer as the basis for the Corporation or partnership's tax returns.

Taxable year
The 12-month period an individual uses to report income for income tax purposes. For most individuals, their tax year is the calendar year.
Teaser rate ...

Taxable Year: A taxable year is the period for computing and making returns of taxable income. It is usually a calendar year or fiscal year, I.R.C. § 441.

Taxable Year
In general, for a personal service corporation, the calendar year is required for the taxable year for all taxable years beginning after 1986. IRC section 441(i).

CARRYOVER -- A process by which the deductions or credits of one taxable year that cannot be used to reduce tax liability in that year are applied against a tax liability in subsequent years (carryforward) or previous years (carryback).

[7] Under the all-events test, an accrual basis taxpayer generally must include income "for the taxable year when all the events have occurred that fix the right to receive income and the amount of the income can be determined with reasonable ...

A term generally applied to situations in which an event or transaction requires a taxpayer to repay earlier tax savings by payment of additional tax in the current taxable year.

Case 4: you must file Form 8889 if you received an HSA distribution during the taxable year.
Case 5: you must file Form 8889 if you over-contributed to your HSA account.

Parents, grandparents, other family members, friends, or a child themselves may contribute to the child's Coverdell ESA provided that the total contributions for the child during the taxable year do not exceed $2,000.

Any transaction that is not tax-free to the parties involved, such as a taxable acquisition.
Taxable year ...

to subpart F permits deferral of certain types of income derived from the active conduct of a banking, finance, or insurance business. This exception, initially enacted in 1997 and most recently extended in October 2008, expires for taxable years ...

See also: Expense, Internal revenue code, Compensation, Calendar year, Tax liability