tax year

tax year
The calendar year or the fiscal year of the taxpayer, in either event a period of 12 months. The annual accounting period of the taxpayer; such accounting period being the annual period (including a 52-53 week year) on the basis of which the tax payer regularly computes his income in keeping his books. Internal Revenue Code § 44(c).

Ballentine's law dictionary. . 1998.

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  • tax year — n: taxable year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax year …   Law dictionary

  • tax year — UK US noun [countable] [singular tax year plural tax years] a period of 12 months that is used for calculating taxes Thesaurus: relating to tax and taxationhyponym * * * …   Useful english dictionary

  • tax year — tax years N COUNT A tax year is a particular period of twelve months which is used by the government as a basis for calculating taxes and for organizing its finances and accounts. In Britain, the tax year begins on April 6th and ends on April 5th …   English dictionary

  • tax year — n the period of 12 months in which income is calculated for paying taxes. The tax year begins on April 6th in Britain, and January 1st in the US …   Dictionary of contemporary English

  • tax year — ► NOUN ▪ a year as reckoned for taxation (in Britain from 6 April) …   English terms dictionary

  • tax year — tax ,year noun count a period of 12 months that is used for calculating taxes …   Usage of the words and phrases in modern English

  • tax year — A business is given a tax year. These usually end at the end of March, April and May each year. HM Customs & Revenue Glossary The tax year begins on April 6 and ends on April 5 the following year. Financial Services Glossary * * * tax year tax… …   Financial and business terms

  • Tax Year — The period of time which is covered by a particular tax return. Many firms simply use the calendar year as their tax year, however this is not always required. When a firm begins or ends operations, it often needs to file a tax return for a… …   Investment dictionary

  • tax year — UK / US noun [countable] Word forms tax year : singular tax year plural tax years a period of 12 months that is used for calculating taxes …   English dictionary

  • tax year — noun (C) the period of 12 months in which your income is calculated for paying taxes. The tax year begins on April 6th in Britain, and January 1st in the US …   Longman dictionary of contemporary English

  • tax year — The period covered by a tax return. Individuals generally file on a calendar year while corporations, trusts, and other entities may file on a fiscal year. See accounting period fiscal year …   Black's law dictionary

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