Law Dictionary Definitions

tax avoidance.The act of taking advantage of legally available tax-planning opportunities in order to minimize one’s tax liability. Cf. TAX EVASION. [Cases: Internal Revenue 3056–3058; Taxation 108. C.J.S. Internal Revenue §§ 3, 14–16; Taxation § 88.] [Blacks Law 8th]

tax audit.See AUDIT. [Blacks Law 8th]

taxation of costs.The process of fixing the amount of litigation-related expenses that a prevailing party is entitled to be awarded. [Blacks Law 8th]

The taxation of an entity’s owners for the entity’s income without taxing the entity itself. • Partnerships and S corporations are taxed under this method. So are limited liability companies and limited liability partnerships unless they elect to be taxed as corporations by “checking the box” on their income tax returns. The election is made…

A tax system in which no person or class of persons in the taxing district — whether it be a state, city, or county is taxed at a different rate from others in the same district on the same value or thing. [Cases: Taxation 39. C.J.S. Taxation § 26.] [Blacks Law 8th]

See double taxation. [Blacks Law 8th]

1. The imposition of two taxes on the same property during the same period and for the same taxing purpose. [Cases: Taxation 47. C.J.S. Taxation §§ 61–72.] 2. The imposition of two taxes on one corporate profit; esp., the structure of taxation employed by Subchapter C of the Internal Revenue Code, under which corporate profits…

taxation. 1. The imposition or assessment of a tax; the means by which the state obtains the revenue required for its activities. [Cases: Internal Revenue 3001–3007; Taxation 1. C.J.S. Internal Revenue §§ 2,4; Taxation §§ 1–3, 5–6.] [Blacks Law 8th]

tax assessment.See ASSESSMENT(3). [Blacks Law 8th]

tax assessor.See ASSESSOR(1). [Blacks Law 8th]