First return definition

First return thus means a return for the first year in which the taxpayer exercises the privilege of fixing its capital stock value for tax purposes, and includes a timely amended return for that year. A timely amended return is as much a "first return" for the purpose of fixing the capital stock value in contradistinction to returns for subsequent years, as is a single return filed by the taxpayer for the first tax year.
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Examples of First return in a sentence

  • First, return calls shall not be made with automatic dialing equipment to any number simply “captured” through a caller ID or other system.

  • First, return migration could boost local demand if returnees come back as part of a lifetime decision where they work abroad and retire back in the homeland.

  • Non-sufficient funds or returns will be charged a $45 processing fee for the First return and a $100 processing fee for subsequent returns to cover the costs associated with collecting funds.

Related to First return

  • Initial Return means the fair combined rate of return on common equity determined for such utility

  • Current Return means the minimum fair combined rate of return on common equity required for

  • Nil Return has the meaning given to it in paragraph 3.3 of Framework Schedule 9 (Management Information);

  • Investment Return means the investment return payable in respect of the Bond in accordance with Clause 5 Returns.

  • Separate Return means (a) in the case of any Tax Return of any member of the SpinCo Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the Parent Group and (b) in the case of any Tax Return of any member of the Parent Group (including any consolidated, combined or unitary return), any such Tax Return that does not include any member of the SpinCo Group.