Collapsible Corporation


Definition of "Collapsible corporation"

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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Capital Appreciation

Increase in the value of property. The appreciation may arise for many possible reasons, such as inf ...

Specifications

Details relating to the construction of a structure. The specifications, usually designated in the b ...

Mode Of Entry

method of gaining illegal entry to perform a criminal act. If a policyholder makes a claim for loss ...

Deed Restrictions

Written statement in a deed limiting the number, type, size, and use of property. See also deed cov ...

Simple Interest

Sum of money paid on the principal amount of money invested or loaned. ...

Maturity Date

Time at which life insurance death proceeds or endowments are paid, either at the death of an insure ...

Related Real Estate FAQ

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

What Is An Overall Debt Ratio?

An overall debt ratio is the percentage of your overall debt (housing payments plus any other long-t ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

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

Agents join here
Add our widget on your Website

Real Estate Advice

How is Square Footage Determined? How To Get A Loan with Bad Credit Home Prices - The Extra Costs 5 signs of house foundation problems Tax Breaks for the First Time Home Buyer

FAQ

What is an index? What does a back-end ratio mean? What happens when a property starts to depreciate? What is a mortgage broker? What is a mortgagor?