Index

50% reduction rule

52-53 week year

AAA (Accumulated Adjustments Account)

Ab“above the line” deductions (taxes)

alimony or separate maintenance payments
discrimination suit costs
interest on education loans
jury duty pay remitted to employer
moving expenses
penalties for time deposit premature withdrawals
property held for production of rents or royalties
qualified tuition and related expenses
reimbursed employee business expenses
retirement plan contributions
teachers’ expenses

Accelerated death benefits

Acceptance

contracts
defined
sales contracts

Accident benefits

Accommodation

negotiable instruments
sales contracts

Accountants’ responsibilities

common law liability to clients
common law liability to third parties (nonclients)
disciplinary systems
legal considerations affecting
regulation of the profession
statutory liability against
statutory liability to third parties

Accounting method

Accounting periods

defined
individual taxation

Accrual method

Accumulated Adjustments Account (AAA)

Accumulated earnings and profits (AEP)

Accumulated earnings credit

Accumulated earnings tax (AET)

Accuracy-related tax penalty

Acquisition

of personal property

Acquisition indebtedness, tax deduction for

Acts of employees

Actual authority

ADA (Americans with Disabilities Act)

ADEA (Age Discrimination in Employment Act)

Adjusted basis

Adjusted gross income (AGI)

defined
itemized deductions from
charitable contributions
interest expense
medical and dental expenses
miscellaneous deductions

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