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Taxable Event
(redirected from Taxable Events)

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Taxable event
An event or transaction that has a tax consequence, such as the sale of stock holding that is subject to capital gains taxes.

Taxable Event
A transaction or other action that results in one receiving income that may be taxed. Common taxable events are the reception of a paycheck or the sale of stock for a profit. Often, investors wait to sell securities until a certain time (such as a new calendar year) in order to minimize the taxable events that occur in a given period of time.


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For casino operators, the Taxable Accrual application is beneficial because the system tracks the taxable events and provides the ability to issue a Consolidated Tax form and an Accrual log that can be printed on demand.
The most important thing is to be aware of the tax deductions and credits that apply to you and to plan for taxable events.
As organizations redefine IT acquisitions as assets, Deloitte identifies a few critical areas to target for savings: * Sales Tax Overpayment: Companies often pay more sales tax than necessary through the misclassification of purchases or turning non-taxable deliveries into taxable events.
 
 
 
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