tax liability

Definitions

  • WordNet 3.6
    • n tax liability the amount of tax owed; calculated by applying the tax rate to the tax base
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Usage

In literature:

Hence a liability, which in our own time might be little more than nominal, was, in 1690, tantamount to a heavy tax.
"The History of the Post Office" by Herbert Joyce
It is part of the "county of Southampton" for all purposes except the land-tax payment: for this it has a separate liability.
"Legal Lore" by Various
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In news:

A few weeks ago I wrote about the IRS's new Fresh Start program to help those with large tax liabilities compromise their debts for pennies on the dollar.
The tax liability and any fines will be paid from that total, and BISD can also request restitution from that pool.
Could you please tell me if it pays to spend money to create a living trust when there is no tax liability.
Leachville City Council reviews tax liability .
Leachville tax liability totals $368,197.55.
Of Revenue pulls the old switcharoo with tax liability -calculation rules.
Hiding the government's liabilities from the public makes it seem that we can tax our way out of mounting deficits.
According to the statement, Baldwin 's alleged tax liability for failure to file in 2008, 2009 and 2010 is more than $350,000, including penalties and interest.
LOS ANGELES, Calif.—Proposition 39 on today's ballot would require multistate businesses to calculate their California income tax liability based on the percentage of their sales in California.
The first one dealt with bankruptcy and income tax liabilities with the IRS.
Offers-In-Compromise: Settling Tax Liabilities with the IRS – A National Perspective.
Offers-in-comprise are a mechanism to settle an outstanding tax liability with the IRS for less than the full amount owed.
Settling Tax Liabilities with the IRS .
Settling Tax Liabilities with the IRS Event Prices from $89.00 to $109.00.
Tax liability holding pair back.
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