Collapsible Corporation


Definition of "Collapsible corporation"

Renee Joseph real estate agent
Renee Joseph Coldwell Banker Residential Brokerage

A company that is terminated within 3 years. According to the tax law, a gain arising from the sale or liquidation of such a business is considered ordinary income to the individual taxpayer on form 1040.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Workout

Trying to resolve a problem between two individuals up with some compromise or common ground. It occurs more often during times of poor economic co ...

Tenant

Individual renting a residential or office unit. ...

Straight-line Depreciation

The depreciation method where an equal amount of depreciation expense is allocated to each full period of the asset's useful life. The amount of depre ...

Contents Replacement Cost Protection

Optional feature included in some homeowners insurance policies that pays the replacement cost of any personal property. ...

Land Sales Contract

Same as term contract for deed: Method of selling and financing property whereby the buyer obtains possession, but the seller retains the title. ...

Deferred Interest Mortgages

Financing technique aimed at those people who only plan to live in a house for a short time. Under this mortgage, a lower interest rate and, thus, a ...

Popular Real Estate FAQ

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing a specific interest rate for a specified amount o ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one principal broker. ...

What Is A Buyer’s Agent?

An agent hired by buyers to help them find and negotiate the purchase of a home. This agent works for the best interests of the buyers, not the seller ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property. ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to the existing equity in the home. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is a point? What is an assessed value? What is an agent? What is a title search? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans?