What does exsanguination mean? Definitions for exsanguination Here are all the possible meanings and translations of the word exsanguination.
Basis is the value used to determine profit or loss when property is sold for assessing income tax and capital gains tax. Under tax law, basis means the cost of property after adjusting the depreciation.
It is important for the shareholder of an S corporation to know his basis in the shares of stock that he owns as well as loans made to the company. What is basis? The Internal Revenue Service defines basis generally as the amount of one's investment in a property for tax purposes.