TAXATION OF COSTS

taxation of costs.The process of fixing the amount of litigation-related expenses that a prevailing party is entitled to be awarded.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 on Form 8832 (Entity Classification Election). See Treas. Reg. § 301.7701–(3)(b)(1). — Also termed conduit taxation. [Cases: Internal Revenue 3896, 3920–3924. C.J.S. Internal Revenue §§ 376–377, 427, 429.] 2. The act of determining and charging to a litigant the costs of a legal proceeding.
[Blacks Law 8th]