Tax Accounting definition

Tax Accounting means principles of accounting that are consistent with the requirements of United States Internal Revenue Service for purposes of filing Income Tax Return Form 1065.
View Source

Examples of Tax Accounting in a sentence

  • Other capitalized terms used herein have the meanings set forth in Section 1.1 (Tax Definitions) of Appendix 1 (Tax Accounting Procedures).

  • Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Ceding Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Quarterly Assessment Accounting with respect to the Post-Inception Date Assessments.

  • Tax Accounting and Compliance The sum of the total income and total deductions as reported for Federal Income Tax purposes on the last return filed.

  • Tax Accounting and Compliance The sum of the total income and total deductions as reported for Dominion Consolidated Federal Income Tax purposes on the last return filed.

  • G/L, Payables, A/R, Collection, Credit, Inventory Processing, Cash Management, Audit, Reporting, Tax Accounting administration assistance.

  • Concurrent with the delivery of each Quarterly Premium Tax Accounting, the Administrator shall remit to the Company the amount set forth on such Quarterly Premium Tax Accounting with respect to such estimated premium taxes due and the amount set forth in such Insolvency Fund Quarterly Accounting with respect to the Post-Inception Date Assessments, and any other amounts owed to the Company pursuant to this Agreement.

  • The determination of the Tax Accounting Referee shall be final and binding on the Parties hereto.

  • Preparation and Filing of Tax Returns 13 Section 4.01 General 13 Section 4.02 Parent’s Responsibility 13 Section 4.03 SpinCo’s Responsibility 14 Section 4.04 Tax Accounting Practices 14 Section 4.05 Consolidated or Combined Tax Returns 14 Section 4.06 Right to Review Tax Returns 15 Section 4.07 Apportionment of Earnings and Profits and Tax Attributes 15 Section 5.

  • Deferred Tax Accounting Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes" (SFAS 109), mandates an asset and liability method for computing deferred income taxes.

  • Concurrent with the delivery of each Premium Tax Accounting, the Administrator shall remit to the Company the amount set forth on such Premium Tax Accounting with respect to such estimated premium taxes due.

Related to Tax Accounting

  • Accounting Date means the thirtieth day of June in each year and any interim date on which the financial statements of the Trust are drawn up. Provided that the Management Company may, with the written consent of the Trustee and after obtaining approval from the Commission and the Commissioner of Income Tax may change such date to any other date and such change shall be intimated to the Commission.

  • Accounting Year means the financial year commencing from the first day of April of any calendar year and ending on the thirty-first day of March of the next calendar year;

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Accounting Event has the meaning set forth in the Supplemental Indenture.