The 12 month period used for the purpose of determining tax liability. … [Read more...] about TAXABLE YEAR
TAXABLE YEAR
TAXABLE INCOME
Gross income of a business or individual less all allowable deductions, exemptions and other adjustments which leaves the amount of taxable income. … [Read more...] about TAXABLE INCOME
TAXABLE GIFT
A gift which may be taxed. … [Read more...] about TAXABLE GIFT
TAXABLE ESTATE
The amount of an estate that may be taxed. … [Read more...] about TAXABLE ESTATE
TAXABLE
Subject to taxation; liable to be assessed, along with others, for a share in a tax. Persons subject to taxation are sometimes called "taxables;" so property which may be assessed for taxation is said to be taxable. Applied to costs in an action, the word means proper to be taxed or charged up; legally chargeable or assessable. … [Read more...] about TAXABLE