Allocation Of Income Rules

Business, Legal & Accounting Glossary

Definition: Allocation Of Income Rules


Allocation Of Income Rules


Full Definition of Allocation Of Income Rules


A situation with two or more organizations that are controlled by the same people or parties, rules that allow the IRS to treat some income, deductions, or credits that are claimed by one as also being claimed by another in order to reflect the true tax liability for the organizations. These rules exist in order to prevent tax evasion by hiding some income in shell companies.


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December 08, 2021 https://payrollheaven.com/define/allocation-of-income-rules/.
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Allocation Of Income Rules. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/allocation-of-income-rules/ (accessed: December 08, 2021).
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Allocation Of Income Rules. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/allocation-of-income-rules/

Definition Sources


Definitions for Allocation Of Income Rules are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.