Opportunity Credit A credit available to employers who hire employees from specified disadvantaged groups. An operating interest in oil and gas in place that is burdened with the responsibility and cost of developing and operating the property. Worksheet A record of compiled information that is generally not sent to the IRS with a tax return. A loss is allowed for a security that becomes worthless during the year. The loss is deemed to have occurred on the last day of the year.
Special rules apply to securities of affiliated companies and small business stock.
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