What Is Section 179? Section 179 of the U.S. internal revenue code is an immediate expense deduction that business owners can take for purchases of depreciable business equipment instead of capitalizing and depreciating the asset over a period of time. The Section 179 deduction can be taken if the piece of equipment is purchased or
What Is Section 232 of the Trade Expansion Act? Section 232 of the Trade Expansion Act of 1962 authorizes the President of the United States, through tariffs or other means, to adjust the imports of goods or materials from other countries if it deems the quantity or circumstances surrounding those imports to threaten national security.
What Is Section 7702? Section 7702 of the U.S. Internal Revenue Service (IRS) Tax Code defines what the federal government considers to be a legitimate life insurance contract and is used to determine how the proceeds the policy generates are taxed. The proceeds of policies that do not meet the government’s definition are taxable as
What Is Section 988? IRC Section 988 is a tax regulation governing capital losses or gains on investments held in a foreign (nonfunctional) currency. A Section 988 transaction relates to Section 988(c)(1) of the Internal Revenue Code, which went into effect after Dec. 31, 1986. Key Takeaways Section 988 of the Internal Revenue Code  describes
What Is SEC Form S-11? SEC Form S-11 is a filing with the Securities and Exchange Commission (SEC) that is used to register securities for real estate investment trusts (REITs). The business of REITs is to acquire, hold, and often manage real estate for the purpose of investment income and capital appreciation. Modeled after mutual
What Was SEC Form S-2? The Securities and Exchange Commission Form S-2 was a regulatory form of the Securities and Exchange Commission (SEC) that served as a simplified registration for the offering of new securities. An SEC filing is a financial statement or other formal document submitted to the U.S. Securities and Exchange Commission (SEC). The form was phased out
What Is SEC Form S-3? Form S-3 is a simplified security registration form utilized by businesses that have already met other reporting requirements. The form registers securities with the SEC under the Securities Act of 1933 for U.S.-based companies only. Companies looking to use the S-3 must have satisfied all reporting requirements of the Securities
What Is SEC Form S-4? SEC Form S-4 is filed by a publicly traded company with the Securities and Exchange Commission (SEC). It is required to register any material information related to a merger or acquisition. In addition, the form is also filed by companies undergoing an exchange offer, where securities are offered in place of
What Is SEC Form S-6? SEC Form S-6 is an initial registration statement filed with the U.S. Securities and Exchange Commission (SEC), which unit investment trusts (UITs) use to register securities they issue. A unit investment trust is a type of investment company that offers a fixed portfolio, generally of stocks and bonds, as redeemable units to
What Is SEC Form S-8? SEC Form S-8 refers to a filing that allows public companies to register securities it offers as part of an employee benefit plan. Companies are required by the Securities and Exchange Commission (SEC) to register these securities before they are issued under the Securities Exchange Act of 1933. The SEC
