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Tax Dictionary

Tax Dictionary

Product Information

  • Frequency of Updates:

    Every other year
  • Brand:
    WGL

Format

Price

Quantity

Book
Main volume(s), which includes latest update; future updates sold separately.
Product Code:
TXDP
$145.00
Online
One-year subscription, includes all updates.
Product Code:
WTXD
$230.00

The WG&L Tax Dictionary is a complete desktop reference guide to all tax and tax-related financial terminology. This invaluable resource is a must for any tax or financial professional's library.

Packed in this remarkable single volume are explanations to more than 5,000 terms that arise in federal tax practice - everything from Internal Revenue Code definitions to tax and financial slang.

In addition to being a complete lexicon of tax and financial terms and phrases, the WG&L Tax Dictionary's definitions contain numerous relevant cross-references to the Internal Revenue Code, Treasury Regulations, other government-issued materials, and expert commentaries, including the renowned WG&L tax treatises.

  • Westin: WG&L Tax Dictionary
    • A
      • <strong>A trust</strong> through <strong>absorber, residential energy credit</strong>
      • <strong>absorption rules, net operating loss #carryovers and carrybacks</strong> through <strong>accumulated adjustments account</strong>
      • <strong>accumulated contributions, qualified plans</strong> through <strong>active management, special use valuation</strong>
      • <strong>active management, special use valuation</strong> through <strong>adjustable life policy</strong>
      • <strong>adjusted base amount, Social Security</strong> through <strong>administrative summons</strong>
      • <strong>administrator</strong> through <strong>agent driver or commission driver</strong>
      • <strong>age sixty-five</strong> through <strong>allocable parental minimum tax</strong>
      • <strong>allocable parental tax</strong> through <strong>alternative reporting regime election#, withholding on foreign accounts</strong>
      • <strong>alternative research credit</strong> through <strong>annualization of income</strong>
      • <strong>annual premium deferred life annuity</strong> through <strong>anti-splitter rule</strong>
      • <strong>anti-stuffing rule</strong> through <strong>applicable government price index</strong>
      • <strong>applicable health benefits</strong> through <strong>appreciated or ordinary income# property, DISC</strong>
      • <strong>appreciated property</strong> through <strong>asset change or conversion transaction</strong>
      • <strong>asset depreciation period</strong> through <strong>attestation clause</strong>
      • <strong>attorney-client privilege</strong> through <strong>average tax-financing cost# per case, distilled spirits credit</strong>
      • <strong>average tax rate</strong> through <strong>away from home overnight#, travel expenses</strong>
    • B
      • <strong>B notice</strong> through <strong>base amount, credit# for increasing research activities</strong>
      • <strong>base amount, golden parachutes</strong> through <strong>beneficial owner, withholding on foreign accounts</strong>
      • <strong>beneficial ownership</strong> through <strong>blocked income exception</strong>
      • <strong>blocked foreign income</strong> through <strong>book up</strong>
      • <strong>book value</strong> through <strong>brownfields</strong>
      • <strong>brownfields deduction</strong> through <strong>business operations test#, domestic building and loan associations</strong>
      • <strong>business premises</strong> through <strong>Byrum doctrine</strong>
    • C
      • <strong>C corporation</strong> through <strong>CUP</strong>
      • <strong>CUT</strong> through <strong>capital tax, insurance companies</strong>
      • <strong>capital transaction</strong> through <strong>cash method</strong>
      • <strong>cash method debt instrument</strong> through <strong>certified historic structure</strong>
      • <strong>certified individual#, advance payment of credit for health insurance costs</strong> through <strong>charitable lead annuity trust</strong>
      • <strong>charitable lead trust</strong> through <strong>citizen of the United States</strong>
      • <strong>civic achievement, prizes or awards</strong> through <strong>closed-loop biomass#, electricity production credit</strong>
      • <strong>closed transactions</strong> through <strong>Collins Amendment</strong>
      • <strong>combat pay</strong> through <strong>common parent exception</strong>
      • <strong>common paymaster</strong> through <strong>compensatory amount</strong>
      • <strong>compensatory damages</strong> through <strong>conditional sales agreement</strong>
      • <strong>conditional tax expectation</strong> through <strong>consolidated group</strong>
      • <strong>consolidated income tax return</strong> through <strong>contested liabilities deduction</strong>
      • <strong>contiguous countries, generally</strong> through <strong>contribution base</strong>
      • <strong>contribution in aid of construction</strong> through <strong>convertible override farm-out</strong>
      • <strong>cooperation</strong> through <strong>correspondence audit</strong>
      • <strong>corresponding item</strong> through <strong>covered health insurance provider</strong>
      • <strong>covered intangibles</strong> through <strong>criminal fraud</strong>
      • <strong>Criminal Investigation Division</strong> through <strong>custodial account, withholding on foreign accounts</strong>
      • <strong>custodial institution, withholding on foreign accounts</strong> through <strong>cut-off method, tax accounting</strong>
    • D
      • <strong>D reorganization</strong> through <strong>debt-financed acquisition</strong>
      • <strong>debt-financed income</strong> through <strong>deemed-owned shares</strong>
      • <strong>deemed paid foreign# tax credit</strong> through <strong>deficiency reserves</strong>
      • <strong>deficiency suit</strong> through <strong>dependent care expense</strong>
      • <strong>dependent exemption</strong> through <strong>designated leased property</strong>
      • <strong>designated local agency</strong> through <strong>direct five percent shareholder</strong>
      • <strong>directional drilling</strong> through <strong>discovery depletion</strong>
      • <strong>discrete and major function</strong> through <strong>disqualified portion#, covered asset acquisition</strong>
      • <strong>disqualified portion of foreign taxes, covered asset acquisition</strong> through <strong>district criminal investigation conference</strong>
      • <strong>District Director</strong> through <strong>domestically controlled REIT</strong>
      • <strong>domestication, foreign corporation</strong> through <strong>downstream controlled partnership</strong>
      • <strong>downstream de minimis rule</strong> through <strong>dynasty trust</strong>
    • E
      • <strong>E&P</strong> through <strong>earned income, child #and dependent care credit</strong>
      • <strong>earned income credit</strong> through <strong>educational organization, catch-up election</strong>
      • <strong>educational organization described #in § 170(b)(1)(A)(ii)</strong> through <strong>electricity production credit</strong>
      • <strong>Electronic Federal Tax Payment System</strong> through <strong>eligible qualified heir, special use #valuation for qualified real property</strong>
      • <strong>eligible remediation expenditures</strong> through <strong>Employee Retirement Income Security Act of 1974</strong>
      • <strong>employees beneficiary association</strong> through <strong>energy conservation expenditures, #residential energy credit (prior law)</strong>
      • <strong>energy conservation measure</strong> through <strong>equipment for producing natural gas #from geopressured brine, energy investment credit</strong>
      • <strong>equipment using coal as feedstock, #energy investment credit</strong> through <strong>estate tax treaty</strong>
      • <strong>estate tax value</strong> through <strong>excess contribution, qualified #deferred compensation plans</strong>
      • <strong>excess credit position</strong> through <strong>excess tax reserve</strong>
      • <strong>excess United States shareholder indebtedness</strong> through <strong>excludable employee, cafeteria plan</strong>
      • <strong>excludable employee, minimum coverage rules</strong> through <strong>exempt function income, homeowner associations</strong>
      • <strong>exempt function income, political organization</strong> through <strong>expatriate, covered expatriate</strong>
      • <strong>expatriated corporation</strong> through <strong>extraordinary distribution</strong>
      • <strong>extraordinary dividend estates and trusts,</strong> through <strong>extrinsic aid</strong>
    • F
      • <strong>F. Supp.</strong> through <strong>facts and circumstances test</strong>
      • <strong>faculty member</strong> through <strong>farmor</strong>
      • <strong>farm or closely held business real #property, special use valuation</strong> through <strong>fertilizer expenditures</strong>
      • <strong>FFI agreement, withholding on foreign accounts</strong> through <strong>financial account, withholding on foreign payments</strong>
      • <strong>financial accounting</strong> through <strong>first-time farmer</strong>
      • <strong>first-time homebuyer</strong> through <strong>floaters</strong>
      • <strong>floating rate convertible notes</strong> through <strong>foreign citizen</strong>
      • <strong>foreign collapsible corporation</strong> through <strong>foreign insurance company multiplier</strong>
      • <strong>foreign insurer premium excise tax</strong> through <strong>foreign source net capital gain</strong>
      • <strong>foreign subsidiary</strong> through <strong>Form 8288-A #(Statement of Withholding on Dispositions by Foreign Persons of United States Real Property Interests)</strong>
      • <strong>Form 8606</strong> through <strong>fraudulent conveyances</strong>
      • <strong>fraudulent returns</strong> through <strong>fundamentally inconsistent event</strong>
      • <strong>funded deferred compensation</strong> through <strong>futures contract</strong>
    • G
      • <strong>GAAP</strong> through <strong>General Counsel's Memorandum</strong>
      • <strong>general creditor</strong> through <strong>gift tax charitable deduction</strong>
      • <strong>gift tax credit</strong> through <strong>grantor lead trust</strong>
      • <strong>grantor retained annuity trust</strong> through <strong>gross receipts, DISC</strong>
      • <strong>gross receipts, FSC</strong> through <strong>Gulf tax credit bond</strong>
    • H
      • <strong>HDHP</strong> through <strong>health insurance premium credit</strong>
      • <strong>health maintenance organization</strong> through <strong>highly erodible cropland</strong>
      • <strong>high migration rural county</strong> through <strong>homestead exemption</strong>
      • <strong>home, travel expenses</strong> through <strong>hybrid entity separate unit</strong>
      • <strong>hybrid instruments</strong> through <strong>hypothetical transaction</strong>
    • I
      • <strong>ILM</strong> through <strong>illegal rebate</strong>
      • <strong>Illinois trust</strong> through <strong>includable compensation#, tax-deferred annuities for exempt and educational organization employees</strong>
      • <strong>includable corporation</strong> through <strong>incrimination, self-incrimination</strong>
      • <strong>incurred in a trade or business</strong> through <strong>individual retirement arrangement (IRA)</strong>
      • <strong>individual retirement plan</strong> through <strong>“in lieu of” taxes</strong>
      • <strong>in-lieu payments</strong> through <strong>insurance company loss reserves</strong>
      • <strong>insurance company taxable income</strong> through <strong>interest coupons</strong>
      • <strong>interest deduction</strong> through <strong>international boycott income, DISC</strong>
      • <strong>international business corporation</strong> through <strong>investment base</strong>
      • <strong>investment basis adjustment</strong> through <strong>issuance accrued interest</strong>
      • <strong>issuance costs test</strong> through <strong>item of tax preference</strong>
    • J
      • <strong>janitor's insurance</strong> through <strong>Justice Department</strong>
    • K
      • <strong>KSOP</strong> through <strong>Kovel accountant</strong>
    • L
      • <strong>L and R</strong> through <strong>large group health plan</strong>
      • <strong>large trust election</strong> through <strong>legatee</strong>
      • <strong>legging out</strong> through <strong>Libson Shops doctrine</strong>
      • <strong>license</strong> through <strong>limited company</strong>
      • <strong>limited deficit restoration obligation</strong> through <strong>liquidation year</strong>
      • <strong>listed intermediary transaction</strong> through <strong>long-term care benefit</strong>
      • <strong>long-term contract</strong> through <strong>low sulfur diesel fuel production credit</strong>
      • <strong>low-tax kick-in rule</strong> through <strong>luxury water transportation</strong>
    • M
      • <strong>MACRS</strong> through <strong>mandatory payment right, generation-skipping transfer tax</strong>
      • <strong>mandatory retirement age</strong> through <strong>married person</strong>
      • <strong>mass asset retirement</strong> through <strong>medical condition</strong>
      • <strong>medical device excise</strong> through <strong>military housing allowance</strong>
      • <strong>military property, DISC</strong> through <strong>miscellaneous itemized deductions</strong>
      • <strong>miscellaneous offshore penalty</strong> through <strong>mortgage</strong>
      • <strong>mortgage-backed securities</strong> through <strong>mutual fund custodial accounts</strong>
      • <strong>mutual insurance company</strong> through <strong>mutual wills</strong>
    • N
      • <strong>NAIC</strong> through <strong>nerve center test</strong>
      • <strong>net active income</strong> through <strong>net operating loss carryback</strong>
      • <strong>net operating loss carryover</strong> through <strong>new construction, rehabilitation</strong>
      • <strong>new housing price ratio</strong> through <strong>nonallocable receipts</strong>
      • <strong>nonallocation period</strong> through <strong>nondocketed case</strong>
      • <strong>nondomiciliary</strong> through <strong>nonprofit day care center</strong>
      • <strong>nonprofit corporations</strong> through <strong>nonresidential real property</strong>
      • <strong>nonseparately computed income or loss, S corporations</strong> through <strong>nunc pro tunc</strong>
    • O
      • <strong>OASDI</strong> through <strong>offset plan</strong>
      • <strong>offsetting allocation</strong> through <strong>open account debt, S corporations</strong>
      • <strong>Open America doctrine</strong> through <strong>options dealer</strong>
      • <strong>option stock</strong> through <strong>other disposition</strong>
      • <strong>other earnings and profits, DISC</strong> through <strong>ozone-depletion factor</strong>
    • P
      • <strong>PAM</strong> through <strong>parity rule</strong>
      • <strong>parole evidence rule</strong> through <strong>partnership distribution</strong>
      • <strong>partnership estate freeze</strong> through <strong>passthrough entity, capital gains tax</strong>
      • <strong>passthrough partner</strong> through <strong>payroll credit# employee stock ownership plan</strong>
      • <strong>payroll deduction IRA</strong> through <strong>penalty, failure to maintain lists of investors# in potentially abusive tax shelters</strong>
      • <strong>penalty, failure to maintain list of reportable investors</strong> through <strong>penalty, tampering with# or failing to maintain security requirements for mechanical dye injection systems</strong>
      • <strong>penalty, taxable use# of dyed fuel</strong> through <strong>periodic report of actuary</strong>
      • <strong>period of service</strong> through <strong>personal representatives</strong>
      • <strong>personal residence, charitable remainder</strong> through <strong>plain par bond</strong>
      • <strong>plain par investment</strong> through <strong>pooled fund, qualified plans</strong>
      • <strong>pooled income fund</strong> through <strong>post-separation year</strong>
      • <strong>post-termination transition period</strong> through <strong>preferential distribution, partnerships</strong>
      • <strong>preferential dividend</strong> through <strong>pre-screening notice</strong>
      • <strong>prescribed drug</strong> through <strong>priority of lien</strong>
      • <strong>prior partnership</strong> through <strong>producing stage</strong>
      • <strong>product area, possessions corporations</strong> through <strong>prohibited transaction, ERISA</strong>
      • <strong>prohibited transaction exemption</strong> through <strong>proposed significant regulations</strong>
      • <strong>pro rata</strong> through <strong>public transportation vehicle</strong>
      • <strong>public utility dividend reinvestment plans</strong> through <strong>pyramiding of income tax</strong>
    • Q
      • <strong>Q and A</strong> through <strong>qualified bank holding company, personal holding company# income</strong>
      • <strong>qualified bank holding corporation</strong> through <strong>qualified child care facility, employer-provided# child care facilities tax credit</strong>
      • <strong>qualified child care resource and referral expenses#, employer-provided child care facilities tax credit</strong> through <strong>qualified depository institution</strong>
      • <strong>qualified designated distribution</strong> through <strong>qualified equity investment</strong>
      • <strong>qualified equity investment, new markets tax credit</strong> through <strong>qualified fund, credit for increased research activities# (prior law)</strong>
      • <strong>qualified fund, foreign currency gain or loss</strong> through <strong>qualified individual, retained worker business credit</strong>
      • <strong>qualified inflation rate</strong> through <strong>qualified military service, reemployment rights (USERRA)</strong>
      • <strong>qualified mineral interest</strong> through <strong>qualified payment, designated settlement fund</strong>
      • <strong>qualified payment election</strong> through <strong>qualified real property business indebtedness</strong>
      • <strong>qualified real property interest</strong> through <strong>qualified revocable trust</strong>
      • <strong>qualified rollover contribution, Roth IRA</strong> through <strong>qualified subpart F deficit</strong>
      • <strong>qualified subsidiary</strong> through <strong>qualified wages, Hurricane Katrina employment retention credit</strong>
      • <strong>qualified wages, Hurricane Rita employment retention credit</strong> through <strong>qualifying in-kind partnership</strong>
      • <strong>qualifying installment obligation</strong> through <strong>quitclaim deed</strong>
    • R
      • <strong>R and D</strong> through <strong>real and depreciable business property</strong>
      • <strong>real estate</strong> through <strong>rebate, deficiency</strong>
      • <strong>rebate, negligence penalty</strong> through <strong>recognition</strong>
      • <strong>recognition period, neutrality principle</strong> through <strong>redemption of stock to pay death taxes</strong>
      • <strong>redemption period, qualified discount coupons</strong> through <strong>registered tax return preparer</strong>
      • <strong>registration of tax shelters</strong> through <strong>related party avoided cost rules</strong>
      • <strong>related party, DISC taxation</strong> through <strong>remote sales tax</strong>
      • <strong>removal-at-terminal tax</strong> through <strong>reportable avoidance transaction</strong>
      • <strong>reportable event</strong> through <strong>rescission</strong>
      • <strong>rescission doctrine</strong> through <strong>residuary estate</strong>
      • <strong>residuary trust</strong> through <strong>retired partner</strong>
      • <strong>retirement accounting</strong> through <strong>reverse mortgage loan</strong>
      • <strong>reverse mortgage loan, REMIC</strong> through <strong>rollout</strong>
      • <strong>rollover</strong> through <strong>Rushing trust</strong>
    • S
      • <strong>S case</strong> through <strong>sale for contingent payments</strong>
      • <strong>sale-in-lease-out</strong> through <strong>second limitation</strong>
      • <strong>second tier allocation</strong> through <strong>Section 341 assets</strong>
      • <strong>Section 341(e) assets</strong> through <strong>Section 704(c) layer</strong>
      • <strong>Section 704(c) minimum gain</strong> through <strong>Section 1250 class property</strong>
      • <strong>Section 1250 property</strong> through <strong>securitization partnership exception</strong>
      • <strong>security</strong> through <strong>separate entity</strong>
      • <strong>separate foreign levy</strong> through <strong>service recipient</strong>
      • <strong>service returns</strong> through <strong>shifting of income</strong>
      • <strong>shipowners' protection and indemnity associations</strong> through <strong>similar property, copyright, etc.</strong>
      • <strong>SIMPLE 401(k) plan</strong> through <strong>slush fund</strong>
      • <strong>slush fund questionnaire</strong> through <strong>soak-up rule</strong>
      • <strong>soak-up tax</strong> through <strong>special deductions for certain nonparticipating contracts#, life insurance companies</strong>
      • <strong>special deductions for dividends to policyholders#, life insurance companies</strong> through <strong>specified information reporting requirements</strong>
      • <strong>specified insurance company, withholding on foreign accounts</strong> through <strong>spot rate</strong>
      • <strong>spot rate convention</strong> through <strong>state or local bond</strong>
      • <strong>State or local tax</strong> through <strong>stock or securities</strong>
      • <strong>stock property and liability insurer</strong> through <strong>structured passive investment arrangement</strong>
      • <strong>structured settlement</strong> through <strong>subordinate benefit rule</strong>
      • <strong>subordinate person, grantor trust rules</strong> through <strong>substantially identical property, short sales</strong>
      • <strong>substantially identical stock or securities</strong> through <strong>super royalty</strong>
      • <strong>super-secret rule</strong> through <strong>synfuels credit</strong>
      • <strong>synthetic collateralized debt obligation</strong> through <strong>system group</strong>
    • T
      • <strong>2009 Recovery Act</strong> through <strong>targeted area residence</strong>
      • <strong>targeted jobs credit</strong> through <strong>Tax Appeals, Board of</strong>
      • <strong>tax assessment</strong> through <strong>tax-exempt leasing</strong>
      • <strong>tax-exempt obligation</strong> through <strong>tax motivated transaction</strong>
      • <strong>tax on communication services</strong> through <strong>tax shelter, ABA view</strong>
      • <strong>tax shelter, accuracy-related penalty</strong> through <strong>temporary regulation</strong>
      • <strong>temporary trust</strong> through <strong>termination tax, private foundations</strong>
      • <strong>term insurance</strong> through <strong>threat or imminence of condemnation, involuntary conversions</strong>
      • <strong>three-cornered exchange</strong> through <strong>title passage test</strong>
      • <strong>Title 26</strong> through <strong>traditional method, partnerships</strong>
      • <strong>traditional method with curative allocations</strong> through <strong>transitional trusts</strong>
      • <strong>transition rules</strong> through <strong>trust-preferred securities</strong>
      • <strong>trust protector</strong> through <strong>Type III supporting organizations</strong>
    • U
      • <strong>UBIT</strong> through <strong>undercapitalization</strong>
      • <strong>underfunding excise tax</strong> through <strong>unified gift and# estate tax credit</strong>
      • <strong>unified loss attribute reduction rule</strong> through <strong>United States earnings</strong>
      • <strong>United States equity hybrid instrument splitter arrangement</strong> through <strong>unreasonable compensation</strong>
      • <strong>unrecaptured net Section 1231 losses</strong> through <strong>usury</strong>
    • V
      • <strong>VAT</strong> through <strong>veterans' organization</strong>
      • <strong>vexation litigation order</strong> through <strong>vulture trust</strong>
    • W
      • <strong>W&I</strong> through <strong>weighted arithmetic mean#, inventory accounting</strong>
      • <strong>weighted harmonic mean#, inventory accounting</strong> through <strong>withholding rate pool</strong>
      • <strong>withholding return</strong> through <strong>wrongful levy</strong>
    • Y
      • <strong>yearly renewable term reinsurance</strong> through <strong>youth participating in a cooperative# education program</strong>
    • Z
      • <strong>Zakat</strong> through <strong>zone</strong>