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Simple English definitions for legal terms

tax-anticipation bill

Read a random definition: de clerico capto per statutum mercatorium deliberando

A quick definition of tax-anticipation bill:

A tax-anticipation bill is a type of short-term loan that the U.S. government uses to manage its cash flow. It helps the government pay for things it needs to do before it receives all of its tax revenue. Companies can also use these bills to pay their taxes. They can buy the bills at their face value and use them to make quarterly tax payments. Tax-anticipation bills are also known as TABs.

A more thorough explanation:

A tax-anticipation bill is a type of short-term debt issued by the U.S. Treasury to help the government manage its cash flow needs. These bills are typically issued in anticipation of future tax revenues that the government expects to receive.

Corporations can use tax-anticipation bills to make quarterly tax payments. They can tender these bills at their par value, which means they can use them to pay their taxes without having to pay any additional fees or interest.

For example, let's say a corporation owes $10,000 in taxes for the quarter. Instead of paying the full amount in cash, they can purchase a tax-anticipation bill from the U.S. Treasury for $10,000. They can then use this bill to pay their taxes without incurring any additional costs.

Tax-anticipation bills are a useful tool for the government and corporations to manage their cash flow needs. By issuing these bills, the government can ensure that it has enough money to meet its obligations, while corporations can use them to pay their taxes without having to tie up their cash reserves.

tax accounting | tax-anticipation note

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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