phantom income

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Phantom income

Income from a limited partnership that creates taxability without generating cash flow.

Phantom Income

Taxable income that does not result from cash flow. Examples include zero-coupon bonds, which are taxed as if they had a coupon, and house value increases that result in higher property taxes. See also: Phantom Gain.

phantom income

Reportable or taxable income that does not generate cash flows to pay the taxes on the income. A disclosure that “taxable income may exceed economic income” is the clue that an investor may receive phantom income.

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Phantom Gain Phantom Gains			The problem at this point is that assuming accounts receivable are collected and inventory is turned at or near historic carrying basis, the group can expect phantom income on realization of these assets. Debt restructurings in today's private equity environment by Keller, Brian E. / The Tax Adviser The IRS has provided guidance that allows victims to go back five years to recoup taxes paid on phantom income, but what about those who paid taxes for many years beyond five? Accountability needed for all by Daily News (Los Angeles, CA) The court next considered a theft loss for the phantom income. No theft loss for "phantom" income by Schnee, Edward J. / Journal of Accountancy			personalty Perte pour l'economie Perth Mint Peruvian New Sol Peruvian Sol Peseta Pesewa Peso Peso Boliviano Peso Problem Pessoa juridica PEST Analysis Peti petitioner Petrodollars Petty Cash Petty Cash Fund PF Pfandbriefe Pfennig PG PGK PH Phantom Gain Phantom Gains phantom income Phantom Stock Award Phantom Stock Plan Phantom Withdrawal Phase descendante Phase I Environmental Site Assessment Phase II Environmental Site Assessment Phase III Environmental Site Assessment phase out Phase space Philadelphia Board of Trade Philadelphia Federal Index Philadelphia Semiconductor Index Philadelphia Stock Exchange Philanthropist Philanthropy Philippine Peso Philippine Stock Exchange Phillips Curve Phishing PHLX Phone Switching PHP Physical Asset Physical commodity Physical Completion			Phantom (disambiguation) Phantom (disambiguation) Phantom (disambiguation) Phantom (disambiguation) phantom artifact phantom artifact phantom artifact Phantom Assassin phantom bottom Phantom Brave phantom call Phantom Calyx Sign Phantom cargo Phantom cargo Phantom circuit Phantom circuit phantom circuits phantom circuits phantom corpuscle Phantom crystal phantom foot anterior cruciate ligament injury Phantom Gain Phantom gains phantom group phantom horizon Phantom Hourglass phantom image phantom image phantom image phantom image phantom income Phantom Incomes Phantom Lancer Phantom Lapboard Phantom Lapboard phantom limb phantom limb phantom limb phantom limb pain phantom limb pain phantom limb pain phantom limb pain phantom limb pain phantom limb syndrome phantom limb syndrome phantom limbs phantom limbs phantom line phantom lines Phantom Maintenance Connector phantom mare phantom mare phantom mare phantom mare Phantom Menace Phantom Menace Syndrome phantom odontalgia phantom odontalgia phantom odontalgia Phantom of the Opera Phantom of the Opera, The

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