allocation of income

When two or more businesses are controlled by the same interests, the Commissioner of Internal Revenue may allocate or distribute income to prevent tax evasion. I.R.C. No. 482.
In trust accounting, the process by which income is distributed as between principal and income

Black's law dictionary. . 1990.

Look at other dictionaries:

  • allocation-of-income rules — US tax provisions that define how income and deductions are to be allocated between domestic source and foreign source income. Bloomberg Financial Dictionary …   Financial and business terms

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

  • allocation of principal and income — See allocation of dividends allocation of income …   Black's law dictionary

  • Allocation Universelle — L Allocation universelle désigne le versement d’un revenu unique à tous les citoyens d un pays, quels que soient leurs revenus, leur patrimoine, et leur statut professionnel : ce revenu permettrait à chaque individu de satisfaire ses besoins …   Wikipédia en Français

  • allocation — index allotment, appointment (act of designating), apportionment, appropriation (allotment), assignment (allotment), budget …   Law dictionary

  • Allocation universelle — L Allocation universelle désigne le versement d’un revenu unique à tous les citoyens d un pays, quels que soient leurs revenus, leur patrimoine, et leur statut professionnel : ce revenu permettrait à chaque individu de satisfaire ses besoins …   Wikipédia en Français

  • Income inequality metrics — The concept of inequality is distinct from that of poverty[1] and fairness. Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and economic inequality among the… …   Wikipedia

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • allocation — Assignment or allotment. Jacobson v. Bowles, D.C.Tex., 53 F.Supp. 532, 534. In taxation, the assignment of income for various tax purposes. A multistate corporation s nonbusiness income usually is allocated to the state where the nonbusiness… …   Black's law dictionary

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