Federal adjusted gross income definition

Federal adjusted gross income means adjusted gross income as defined in section 62 of the
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Federal adjusted gross income means adjusted gross income as defined in section 62 of the Internal Revenue Code, 26 U.S.C. 62.
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Federal adjusted gross income as used in section 43-1022 means "federal
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Examples of Federal adjusted gross income in a sentence

  • Individual holders of Units who are residents of New York State or New York City should compute their New York adjusted gross income in respect of the Trust Fund in the same manner as Federal adjusted gross income, increased by interest on obligations of states and political subdivisions thereof other than New York, which is exempt for Federal income tax purposes, and reduced by amortization of premium on such obligations.

  • Federal adjusted gross income shall not be reduced by the amount of a net operating loss carryback or carryforward or a capital loss carryback or carryforward allowed for the year.

  • Federal adjusted gross income may not be reduced by the amount of a net operating loss carryback or carryforward or a capital loss carryback or carryforward allowed for the year.

  • Federal adjusted gross income shall be modified to exclude any amount repaid by the taxpayer for which a reduction in federal tax is allowed under section 1341(a)(5) of the Internal Revenue Code.

  • Federal adjusted gross income may be decreased by the following deductions to the extent the amounts are included in federal adjusted gross income.

  • Federal adjusted gross income, or, for a fiduciary, federal taxable income shall be modified to exclude the portion of the income or loss received from a small business corporation with an election in effect under subchapter S of the Internal Revenue Code or from a limited liability company organized pursuant to the Nebraska Uniform Limited Liability Company Act that is not derived from or connected with Nebraska sources as determined in section 77-2734.01.

  • Ex- cept as specifically provided in para- graphs (a)(2) and (b)(1) of this section and in paragraph (c)(2) of § 301.6362–4, no account shall be taken of any reduc- tion or increase in the Federal adjusted gross income which would result from the exclusion from, or inclusion in, gross income of the items which are the subject of the adjustments provided in those paragraphs.

  • Oklahoma net capital gain included in Federal adjusted gross income.

  • Such amount is defined by Section T46-112 of the Administrative Code of the City of New York as his Federal adjusted gross income, with an addition for interest income on the obligations of a state or political subdivision of a state other than New York, if excluded from his federal adjusted gross income.

  • G.S. § 105-153.6) Federal adjusted gross income must be increased by certain additions to the extent the amounts are not included in federal adjusted gross income.


More Definitions of Federal adjusted gross income

Federal adjusted gross income means an individual’s federal adjusted gross income as defined in the laws of the United State Internal Revenue Code for the applicable taxable year.
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Federal adjusted gross income of a resident individual means the individual's adjusted gross income computed pursuant to the internal revenue code.
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Related to Federal adjusted gross income

  • Adjusted gross income means that term as defined in section 62 of the internal revenue code of 1986.

  • Modified adjusted gross income means “federal adjusted gross income”:

  • Gross income means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • Non-Income Taxes means any Taxes other than Income Taxes.

  • Gross Income from Operations means, during any period, all sustainable income as reported on the financial statements delivered by Borrower in accordance with this Agreement, computed in accordance with GAAP, derived from the ownership and operation of the Property from whatever source during such period, including (i) Rents from Tenants that are in occupancy, open for business and paying full contractual rent without right of offset or credit, (ii) utility charges, (iii) escalations, (iv) forfeited security deposits, (v) interest on credit accounts, (vi) service fees or charges, (vii) license fees, (viii) parking fees, (ix) rent concessions or credits, (x) income from vending machines, (xi) business interruption or other loss of income or rental insurance proceeds, (xii) other required pass-throughs and (xiii) interest on Reserve Funds, if any, but excluding (i) Rents from month-to-month Tenants, Tenants during a free-rent period, or Tenants that are included in any Bankruptcy Action, (ii) sales, use and occupancy or other taxes on receipts required to be accounted for by Borrower to any Governmental Authority, (iii) refunds and uncollectible accounts, (iv) sales of furniture, fixtures and equipment, (v) Insurance Proceeds (other than business interruption or other loss of income or rental insurance), (vi) Awards, (vii) unforfeited security deposits, (viii) utility and other similar deposits and (ix) any disbursements to Borrower from the Reserve Funds, if any. Gross income shall not be diminished as a result of the Security Instrument or the creation of any intervening estate or interest in the Property or any part thereof.

  • Non-Income Tax means any Tax other than an Income Tax.

  • Gross Liability Value means, with respect to any Liability of the Partnership described in Treasury Regulation Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume such Liability in an arm’s-length transaction.

  • Total adjusted capital means the sum of:

  • Nonbusiness income means all income other than business income.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • Business income means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management, and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Adjusted gross proceeds means gross proceeds less cash prizes, cost of

  • Gross-Up Amount has the meaning set forth in definition of “Make Whole Amount.”

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Net After Tax Amount means the amount of any Parachute Payments or Capped Payments, as applicable, net of taxes imposed under Code Sections 1, 3101 (b) and 4999 and any State or local income taxes applicable to the Executive on the date of payment. The determination of the Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Payments, as applicable, in effect on the date of payment.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Gross-Up Payment shall have the meaning set forth in Section 6.2 hereof.

  • State Income Tax means any Tax imposed by any State of the United States (or by any political subdivision of any such State) or the District of Columbia, or any city or municipality located therein, which is imposed on or measured by net income, including state and local franchise or similar Taxes measured by net income, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Net Income (Loss) means with respect to any Person and for any period, the aggregate net income (or loss) after taxes of such Person for such period, determined in accordance with GAAP.

  • Total After-Tax Payments means the total of all “parachute payments” (as that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive (whether made hereunder or otherwise), after reduction for all applicable federal taxes (including, without limitation, the tax described in Section 4999 of the Code).

  • Connection Income Taxes means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  • Gross receipts tax means any gross receipts, sales, use, excise, value added or any similar tax.

  • State average current expense appropriations per student means the most