Your browser is not supported by this site. Please update to the latest version, or use a different browser for the best experience.
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
$135.00
Online
One-year subscription, includes all updates.
Product Code:
WTXD
$220.00

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>absorption rules, net operating loss #carryovers and carrybacks</strong>
      • <strong>abstract</strong> through <strong>accumulated deductible employee contribution</strong>
      • <strong>accumulated deficit rule</strong> through <strong>active MSA participant</strong>
      • <strong>active NFFE, withholding on foreign accounts</strong> through <strong>adjusted base period income</strong>
      • <strong>adjusted base price</strong> through <strong>admitted assets</strong>
      • <strong>adopted child</strong> through <strong>aggregate deemed sales price</strong>
      • <strong>aggregate gross assets, small business# corporation stock</strong> through <strong>allocated securities, ESOP</strong>
      • <strong>allocation</strong> through <strong>alternative tax energy #preference deduction</strong>
      • <strong>alternative tax net operating# loss deduction</strong> through <strong>annuities, personal holding# company income</strong>
      • <strong>annuity contract</strong> through <strong>APA Policy Board</strong>
      • <strong>apocalypse family trust</strong> through <strong>applicable musical property</strong>
      • <strong>applicable nontaxable earnings</strong> through <strong>appropriate gross profit</strong>
      • <strong>appropriate gross profit markup</strong> through <strong>assets test, operating foundation</strong>
      • <strong>asset tax</strong> through <strong>audit fee, private foundations</strong>
      • <strong>audit lottery</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 ownership</strong>
      • <strong>beneficial ownership of stock#, consolidated returns</strong> through <strong>block of timber</strong>
      • <strong>blocker</strong> through <strong>book value shares plan</strong>
      • <strong>boot</strong> through <strong>“Bruno's Transaction”</strong>
      • <strong>Build America Bond</strong> through <strong>business purpose</strong>
      • <strong>business start-up expenses</strong> through <strong>Byrum doctrine</strong>
    • C
      • <strong>C corporation</strong> through <strong>CUT</strong>
      • <strong>cadastral value</strong> through <strong>capital transaction</strong>
      • <strong>capital treatment election, currencies</strong> through <strong>cash option plan</strong>
      • <strong>cash or deferred arrangement</strong> through <strong>certified rehabilitation#, historic structure expenditures</strong>
      • <strong>certiorari</strong> through <strong>charitable remainder annuity trust</strong>
      • <strong>charitable remainder, five-percent rule</strong> through <strong>civil proceeding</strong>
      • <strong>civil tax penalty</strong> through <strong>closely held pass-through entity</strong>
      • <strong>closer connection exception</strong> through <strong>combined absorption ratio, uniform capitalization rules</strong>
      • <strong>combined deemed sale return</strong> through <strong>communication satellite# system income</strong>
      • <strong>communications services tax</strong> through <strong>completed crop pool# method of accounting</strong>
      • <strong>completed film tax shelter</strong> through <strong>conditions of confidentiality#, registration of tax shelters</strong>
      • <strong>condition subsequent</strong> through <strong>consolidated return year</strong>
      • <strong>consolidated section 1231# net gain or loss</strong> through <strong>continental United States</strong>
      • <strong>contingent amounts#, sound recordings</strong> through <strong>control, estate freeze</strong>
      • <strong>control group test</strong> through <strong>cooperative telephone# companies</strong>
      • <strong>coordinated examination program</strong> through <strong>cost indexes safe harbor method</strong>
      • <strong>cost, inventory valuation</strong> through <strong>credit card reporting regulations</strong>
      • <strong>credit counseling organization</strong> through <strong>Crown loan</strong>
      • <strong>crude oil, percentage depletion</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 permanent# establishment</strong>
      • <strong>deemed sale return</strong> through <strong>deficit</strong>
      • <strong>deficit make-up</strong> through <strong>dependent, medical deduction for</strong>
      • <strong>dependent personal services</strong> through <strong>designated nondeductible IRA# contributions</strong>
      • <strong>designated Roth account</strong> through <strong>direct labor costs</strong>
      • <strong>direct labor cost, uniform capitalization rules</strong> through <strong>discretionary trust</strong>
      • <strong>discriminant function system</strong> through <strong>disqualified preferred stock</strong>
      • <strong>disqualified property</strong> through <strong>diversification</strong>
      • <strong>divided partnership</strong> through <strong>domestic commercial air passenger</strong>
      • <strong>domestic common carrier by railroad</strong> through <strong>downstream merger</strong>
      • <strong>downtown eating club</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 credit position</strong>
      • <strong>excess credits, corporate reorganizations</strong> through <strong>excess United States shareholder indebtedness</strong>
      • <strong>exchange</strong> through <strong>excludable employee, minimum coverage rules</strong>
      • <strong>excludable interest, holocaust victims</strong> through <strong>exempt function income, political organization</strong>
      • <strong>exempt function income, social clubs# and voluntary employee beneficiary associations</strong> through <strong>expatriated entity</strong>
      • <strong>expatriation</strong> through <strong>extraordinary dividend, basis reduction</strong>
      • <strong>extraordinary dividend, repatriated dividends deduction</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 accounting</strong>
      • <strong>Financial Action Task Force, withholding on foreign accounts</strong> through <strong>first-time homebuyer</strong>
      • <strong>first-time homebuyer tax credit, DC</strong> through <strong>floating rate convertible notes</strong>
      • <strong>floor, notional principal contract</strong> through <strong>foreign commerce, controlled foreign corporation</strong>
      • <strong>foreign convention</strong> through <strong>foreign international sales corporation (FISC)</strong>
      • <strong>foreign investment attributable to producer's loans, DISC</strong> through <strong>foreign tax credit</strong>
      • <strong>foreign tax credit “basket”</strong> through <strong>Form 8886 (Reportable Transaction Disclosure Statement)</strong>
      • <strong>Form 8938</strong> through <strong>Freddie Mac</strong>
      • <strong>free bargain concept</strong> through <strong>funded insurance trust</strong>
      • <strong>funded nonqualified plan</strong> through <strong>futures contract</strong>
    • G
      • <strong>GAAP</strong> through <strong>general creditor</strong>
      • <strong>general deductions</strong> through <strong>gift tax credit</strong>
      • <strong>gift tax exclusion</strong> through <strong>grantor retained income trust</strong>
      • <strong>grantor retained unitrust</strong> through <strong>gross receipts, S corporation election</strong>
      • <strong>gross receipts test, foreign tax credit</strong> through <strong>Gulf tax credit bond</strong>
    • H
      • <strong>HDHP</strong> through <strong>health savings account</strong>
      • <strong>heat distribution method, residential energy credit</strong> through <strong>high-speed intercity rail facilities</strong>
      • <strong>high surplus mutuals, life insurance companies</strong> through <strong>hook stock</strong>
      • <strong>HOPE credit</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 taxpayer identification number</strong>
      • <strong>indoor tanning service tax</strong> through <strong>innocent spouse election</strong>
      • <strong>innocent spouse rule</strong> through <strong>insurance contract, withholding on foreign accounts</strong>
      • <strong>insurance income, subpart F</strong> through <strong>interest-free loan</strong>
      • <strong>interest in a closely held business</strong> through <strong>International Fiscal Association</strong>
      • <strong>international organization</strong> through <strong>investment company taxable income</strong>
      • <strong>investment credit</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>listed intermediary transaction</strong>
      • <strong>listed option</strong> through <strong>long-term contract</strong>
      • <strong>long-term family assistance recipient</strong> through <strong>lump-sum based benefit formula</strong>
      • <strong>lump-sum distribution, qualified plans</strong> through <strong>luxury water transportation</strong>
    • M
      • <strong>MACRS</strong> through <strong>mandatory retirement age</strong>
      • <strong>mandatory rule</strong> through <strong>mass asset retirement</strong>
      • <strong>mass asset rule</strong> through <strong>medical expenses, exclusion</strong>
      • <strong>medical expense deduction</strong> through <strong>mine, election to deduct mineral exploration expenditures</strong>
      • <strong>mineral, depletion</strong> through <strong>mitigation of effect of statutes of limitations# and other provisions</strong>
      • <strong>mixed service costs, uniform capitalization rules</strong> through <strong>mortgage guaranty company reserve deduction</strong>
      • <strong>mortgage lender, broker's return</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 housing price ratio</strong>
      • <strong>new item, inventory accounting</strong> through <strong>nonallocation period</strong>
      • <strong>nonallocation year</strong> through <strong>noneconomic substance transaction</strong>
      • <strong>nonequity option</strong> through <strong>nonprofit organizations</strong>
      • <strong>nonpurpose investment</strong> through <strong>nonsimultaneous exchange</strong>
      • <strong>non-skip person</strong> through <strong>nunc pro tunc</strong>
    • O
      • <strong>OASDI</strong> through <strong>offsetting position, stock</strong>
      • <strong>offsetting position, straddles</strong> through <strong>open-end mutual fund</strong>
      • <strong>open-end selling price, installment sales</strong> through <strong>ordinary</strong>
      • <strong>ordinary and necessary expense</strong> through <strong>outbound asset reorganization</strong>
      • <strong>outbound toll charge</strong> through <strong>ozone-depletion factor</strong>
    • P
      • <strong>PAST</strong> through <strong>parsonage allowance</strong>
      • <strong>partial bad debt deduction</strong> through <strong>partnership flip</strong>
      • <strong>partnership information return</strong> through <strong>passthrough payment percentage, withholding on foreign accounts</strong>
      • <strong>passthrough payment, withholding on foreign accounts</strong> through <strong>payroll period, withholding</strong>
      • <strong>payroll tax credit</strong> through <strong>penalty, failure to make timely deposits</strong>
      • <strong>penalty, failure to make trust report required by FACTA</strong> through <strong>penalty, treaty disclosure</strong>
      • <strong>penalty, unauthorized# use of tax information</strong> through <strong>period of underpayment</strong>
      • <strong>permanency concept#, qualified deferred compensation plans</strong> through <strong>personal residence trust</strong>
      • <strong>personal service activity, passive loss rules</strong> through <strong>plan administrator</strong>
      • <strong>plan description</strong> through <strong>pooling, inventory accounting</strong>
      • <strong>pooling method</strong> through <strong>potentially abusive situations, original issue discount</strong>
      • <strong>potentially abusive tax shelter</strong> through <strong>preferred return partnership</strong>
      • <strong>preferred stock</strong> through <strong>present value</strong>
      • <strong>present value method of valuation</strong> through <strong>Privacy Act</strong>
      • <strong>private activity bond</strong> through <strong>product liability</strong>
      • <strong>product liability loss</strong> through <strong>project area, natural resources</strong>
      • <strong>projected income investment</strong> through <strong>proprietary stock option doctrine</strong>
      • <strong>proprietorship</strong> through <strong>published index</strong>
      • <strong>Puerto Rican economic activity credit</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 inflation rate</strong>
      • <strong>qualified intellectual property</strong> through <strong>qualified mineral interest</strong>
      • <strong>qualified mine rescue team employee</strong> through <strong>qualified payment interest</strong>
      • <strong>qualified payment right</strong> through <strong>qualified real property interest, stapled entity</strong>
      • <strong>qualified real property, special use valuation</strong> through <strong>qualified rolling stock amortization</strong>
      • <strong>qualified salary reduction arrangement</strong> through <strong>qualified subsidiary, international taxation</strong>
      • <strong>qualified substandard risk</strong> through <strong>qualified wages, Hurricane Wilma employment retention credit</strong>
      • <strong>qualified wages, New York liberty zone</strong> through <strong>qualifying insurance company</strong>
      • <strong>qualifying insurance company branch</strong> through <strong>quitclaim deed</strong>
    • R
      • <strong>R and D</strong> through <strong>real estate</strong>
      • <strong>real estate assets</strong> through <strong>rebate, negligence penalty</strong>
      • <strong>rebuttable presumption</strong> through <strong>recognition period, neutrality principle</strong>
      • <strong>recognition period, S corporations</strong> through <strong>redemption premium</strong>
      • <strong>redemption reserves</strong> through <strong>registration-required bond</strong>
      • <strong>registration-required obligation</strong> through <strong>related party factoring income</strong>
      • <strong>related party, foreign corporate reporting</strong> through <strong>removal, removal at terminal tax</strong>
      • <strong>remuneration, applicable employee remuneration</strong> through <strong>reportable real estate</strong>
      • <strong>reportable transaction</strong> through <strong>research and development</strong>
      • <strong>research and development tax shelters</strong> through <strong>responsible officer, withholding on foreign accounts</strong>
      • <strong>responsible person</strong> through <strong>retirement income credit</strong>
      • <strong>retirement income endowment contract</strong> through <strong>reverse qualified residence trust</strong>
      • <strong>reverse qualified terminable interest property election</strong> through <strong>rollover, individual retirement arrangements</strong>
      • <strong>rollover, low income housing,</strong> through <strong>Rushing trust</strong>
    • S
      • <strong>SARSEP</strong> through <strong>sale-leaseback</strong>
      • <strong>sale or other disposition</strong> through <strong>second-tier excise tax</strong>
      • <strong>second-tier partnership</strong> through <strong>Section 351 transactions</strong>
      • <strong>Section 362(e)(2)(C) election</strong> through <strong>Section 732(d) adjustment</strong>
      • <strong>Section 734 adjustment</strong> through <strong>Section 1254 recapture</strong>
      • <strong>Section 1255 recapture</strong> through <strong>security, worthlessness</strong>
      • <strong>seedstock</strong> through <strong>separate levy, foreign tax credit</strong>
      • <strong>separate limitation income</strong> through <strong>set aside</strong>
      • <strong>setoff</strong> through <strong>short-cut method, throwback tax</strong>
      • <strong>short form</strong> through <strong>simplified AMT limitation</strong>
      • <strong>simplified cost-to-cost method</strong> through <strong>small business, inventories</strong>
      • <strong>small business investment company</strong> through <strong>Social Security tax</strong>
      • <strong>Social Security tax credit</strong> through <strong>specialized small business investment company</strong>
      • <strong>special needs beneficiary</strong> through <strong>specified payments, exempt organizations</strong>
      • <strong>specified possession</strong> through <strong>sprinkle power</strong>
      • <strong>sprinkling trust</strong> through <strong>stat notice</strong>
      • <strong>statute of frauds</strong> through <strong>storage medium, residential energy credit</strong>
      • <strong>storm or thermal door, residential energy credit</strong> through <strong>subchapter C earnings and profits</strong>
      • <strong>subchapter D</strong> through <strong>subsequent transfer rule</strong>
      • <strong>subsidiary</strong> through <strong>substantial transformation test</strong>
      • <strong>substantial underpayment, tax motivated transactions</strong> through <strong>supplier-based intangible</strong>
      • <strong>supplies, credit for increased research activities</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 assessment</strong>
      • <strong>tax attributes</strong> through <strong>tax-exempt obligation</strong>
      • <strong>tax-exempt organization</strong> through <strong>tax on excess business holdings</strong>
      • <strong>tax on excess contributions to qualified plans</strong> through <strong>tax shelter, confidential corporate tax shelters</strong>
      • <strong>tax shelter disclosure statement</strong> through <strong>tenancy in common</strong>
      • <strong>tenants by the entirety</strong> through <strong>term loan</strong>
      • <strong>term loan, below-market loan</strong> through <strong>three-percent nonparticipating reserve deduction</strong>
      • <strong>three-percent rule, accrued benefits</strong> through <strong>toll charge</strong>
      • <strong>tonnage clause</strong> through <strong>transaction, economic substance doctrine</strong>
      • <strong>transaction entered into for a profit</strong> through <strong>Transmittal Memorandum</strong>
      • <strong>transmix</strong> through <strong>turnkey well</strong>
      • <strong>turnkey well doctrine</strong> through <strong>Type III supporting organizations</strong>
    • U
      • <strong>UBIT</strong> through <strong>underfunding excise tax</strong>
      • <strong>underlying security, withholding on notional principal contracts</strong> through <strong>unified loss attribute reduction rule</strong>
      • <strong>unified loss member basis# redetermination rule</strong> through <strong>United States equity hybrid instrument splitter arrangement</strong>
      • <strong>United States Financial Institution</strong> through <strong>unrecaptured net Section 1231 losses</strong>
      • <strong>unrecognized gain</strong> through <strong>usury</strong>
    • V
      • <strong>VAT</strong> through <strong>veterans' organization</strong>
      • <strong>viatical settlement</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 statement</strong>
      • <strong>withholding tax</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>