Taxable income or loss definition

Taxable income or loss means the taxable income or loss determined, or in the case of a

Taxable income or loss means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, un- der chapter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions, subtractions, adjustments and other modifications as are specifically prescribed by this chapter ex- cept that in determining taxable income or loss for any year, no deduction under ORS 317.476 or

Taxable income or loss means the taxable income or loss determined, or in the case of a cor- poration for which no federal taxable income or loss is determined, as would be determined, under chap- ter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions, subtractions, adjust- ments and other modifications as are specifically prescribed by this chapter except that in determin- ing taxable income or loss for any year, no deduction under ORS 317.476 or 317.478 and section 45b, chap- ter 293, Oregon Laws 1987, shall be allowed. If the corporation is a corporation to which ORS 314.280 or 314.605 to 314.675 (requiring or permitting appor- tionment of income from transactions or activities carried on both within and without the state) ap- plies, to derive taxable income or loss, the following shall occur:

Examples of Taxable income or loss in a sentence

• Taxable income or loss of an S corporation is passed through to, and included in the individual tax returns, of the shareholders of the Company, rather than being taxed at the corporate level.

• Taxable income Taxable income or loss as per your organisation’s income tax return form.

• Taxable income or loss of an S corporation is passed through to, and included in the individual tax returns of, the shareholders of the Company, rather then being taxed at the corporate level.

• Taxable income or loss differs from income or loss as reported in the statement of comprehensive income because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible (deferred tax).

• Taxable income or loss of an S Corporation is included in the individual tax returns of the stockholders of the Company, rather than being taxed at the corporate level.

More Definitions of Taxable income or loss

Taxable income or loss means the taxable income or loss deter-

Taxable income or loss means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, un- der chapter 1, Subtitle A of the Internal Revenue Code and any other laws of the United States relating to the determination of taxable income or loss of corporate taxpayers, with the additions,

Taxable income or loss means the income or loss of the Partnership as determined for Federal income tax purposes (but excluding Gain or Loss on Disposition) as adjusted pursuant to Section 7.1.

Taxable income or loss. As to any period, the income or loss, respectively, of the Partnership for such period as determined by the Partnership for purposes of the Code.

Taxable income or loss means either taxable income or taxable loss as the circumstances dictate;

Taxable income or loss means the taxable income or loss determined, or in the case of a corporation for which no federal taxable income or loss is determined, as would be determined, un-

Taxable income or loss means the Company’s taxable income or loss as determined in accordance with the income tax accounting method followed by the Company for federal income tax purposes pursuant to ARTICLE 8 of this Agreement.