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Small Business Tax
Information and Employment Taxes
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Tax
Terms & Definitions - V
| Term |
Definition |
| Vacation Home |
The tax Code places
restrictions upon taxpayers who rent their
residences or vacation homes to others for part
of the tax year. The restrictions may result in
scaling down of expense deductions for such
taxpayers. |
| Vested Benefits |
Pension benefits owned
by the taxpayer. |
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