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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
$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 contributions, qualified plans</strong>
      • <strong>accumulated deductible employee contribution</strong> through <strong>active management, special use valuation</strong>
      • <strong>active MSA participant</strong> through <strong>adjusted base amount, Social Security</strong>
      • <strong>adjusted base period income</strong> through <strong>administrator</strong>
      • <strong>administratrix</strong> through <strong>age sixty-five</strong>
      • <strong>aggregate deemed asset disposition price, Section 336(e) election</strong> through <strong>allocable parental tax</strong>
      • <strong>allocate</strong> through <strong>alternative research credit</strong>
      • <strong>alternative simplified research credit</strong> through <strong>annual premium deferred life annuity</strong>
      • <strong>annual statement#, life insurance companies</strong> through <strong>anti-stuffing rule</strong>
      • <strong>Anti-Sutherland Lumber rule</strong> through <strong>applicable high yield discount# obligation</strong>
      • <strong>applicable holding company</strong> through <strong>appreciation</strong>
      • <strong>appropriate conversion factor#, qualified plan</strong> through <strong>asset depreciation range (ADR)</strong>
      • <strong>asset freeing theory</strong> through <strong>attorney, practice before the IRS</strong>
      • <strong>Attorney's Fees Award Act</strong> through <strong>average total amount of U.S.# booked liabilities</strong>
      • <strong>average unpaid balance</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>blocked foreign income</strong>
      • <strong>block of timber</strong> through <strong>book value</strong>
      • <strong>book value shares plan</strong> through <strong>brownfields deduction</strong>
      • <strong>“Bruno's Transaction”</strong> through <strong>business premises</strong>
      • <strong>business purpose</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, cash or deferred# arrangement</strong>
      • <strong>cash option merger</strong> through <strong>certified pollution control facility</strong>
      • <strong>certified public accountant, practice before the IRS</strong> through <strong>charitable lead unitrust</strong>
      • <strong>charitable organization</strong> through <strong>civil action</strong>
      • <strong>civil action against the IRS</strong> through <strong>closely held business</strong>
      • <strong>closely held C corporation</strong> through <strong>combat zone</strong>
      • <strong>combat zone exemption</strong> through <strong>common stock, section 306 stock</strong>
      • <strong>common trust fund</strong> through <strong>competent authority</strong>
      • <strong>competition, agreement against</strong> through <strong>conditioned air#, residential energy credit</strong>
      • <strong>conditioned area#, residential energy credit</strong> through <strong>consolidated obligations, withholding on foreign accounts</strong>
      • <strong>consolidated return</strong> through <strong>contiguous, natural resources</strong>
      • <strong>contiguous noncovered service</strong> through <strong>contribution to capital</strong>
      • <strong>contributory plans</strong> through <strong>cooperative educational program</strong>
      • <strong>cooperative hospital# service organizations, exempt</strong> through <strong>cost basis reporting</strong>
      • <strong>cost, bonus expensing# of recovery property</strong> through <strong>covered security</strong>
      • <strong>covered service</strong> through <strong>criminal tax penalty</strong>
      • <strong>critical assumption</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 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 maintenance organization</strong>
      • <strong>Health Insurance Portability Act of 1996</strong> through <strong>high migration rural county</strong>
      • <strong>high-risk individuals</strong> through <strong>home, travel expenses</strong>
      • <strong>homeworker</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 payments</strong>
      • <strong>innocent child rule</strong> through <strong>insurance company taxable income</strong>
      • <strong>insurance company, withholding on foreign accounts</strong> through <strong>interest deduction</strong>
      • <strong>interested party, qualified plans</strong> through <strong>international business corporation</strong>
      • <strong>international communications income</strong> through <strong>investment basis adjustment</strong>
      • <strong>investment company</strong> through <strong>issuance costs test</strong>
      • <strong>issue date</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>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>prior unstated inclusion</strong>
      • <strong>prior year's tax</strong> through <strong>product class</strong>
      • <strong>productivity test</strong> through <strong>prohibited transaction, exempt organizations</strong>
      • <strong>prohibited transaction, penalties</strong> through <strong>pro rata rule, trusts</strong>
      • <strong>pro rata stock distributions</strong> through <strong>public utility property, depreciation</strong>
      • <strong>public utility property, investment 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 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 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 period, qualified discount coupons</strong>
      • <strong>redemption premium</strong> through <strong>registration of tax shelters</strong>
      • <strong>registration-required bond</strong> through <strong>related party, DISC taxation</strong>
      • <strong>related party factoring income</strong> through <strong>removal-at-terminal tax</strong>
      • <strong>removal, removal at terminal tax</strong> through <strong>reportable event</strong>
      • <strong>reportable real estate</strong> through <strong>rescission doctrine</strong>
      • <strong>rescission, notice of deficiency</strong> through <strong>residuary trust</strong>
      • <strong>residue</strong> through <strong>retirement accounting</strong>
      • <strong>retirement, business assets</strong> through <strong>reverse mortgage loan, REMIC</strong>
      • <strong>reverse pour over trust</strong> through <strong>rollover</strong>
      • <strong>rollover contribution</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>SIMPLE IRA</strong>
      • <strong>SIMPLE individual retirement plan</strong> through <strong>small agri-biodiesel producer credit</strong>
      • <strong>Small Business APA</strong> through <strong>social club</strong>
      • <strong>Social Security benefits</strong> through <strong>special deductions, life insurance companies</strong>
      • <strong>special energy deduction</strong> through <strong>specified insurance contract</strong>
      • <strong>specified liability loss</strong> through <strong>spousal joint tenancies</strong>
      • <strong>spousal remainder trust</strong> through <strong>state volume cap</strong>
      • <strong>State workmen's compensation act companies</strong> through <strong>stock redemption</strong>
      • <strong>stock redemption payments</strong> through <strong>stub period</strong>
      • <strong>student attorney, practice before the IRS</strong> through <strong>subordination</strong>
      • <strong>subordination of lien</strong> through <strong>substantially rehabilitated</strong>
      • <strong>substantially similar, confidential corporate tax shelter</strong> through <strong>super top-heavy plan</strong>
      • <strong>super trust</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>term insurance</strong>
      • <strong>term interest, estate freeze</strong> through <strong>three-cornered exchange</strong>
      • <strong>three-family corporation</strong> through <strong>Title 26</strong>
      • <strong>tobacco tax</strong> through <strong>traditional method with curative allocations</strong>
      • <strong>traditional transaction methods, OECD</strong> through <strong>transition rules</strong>
      • <strong>transitory allocation</strong> through <strong>trust protector</strong>
      • <strong>trustor</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>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 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>