CIVICS

Adjusted Basis

Adjusted basis is the cost basis of an asset adjusted for various events during its ownership. It is usually used to calculate an owner’s capital gain or loss for income tax purposes when the property is sold, or to calculate an inheritor’s...

Adjusted Gross Income (AGI)

Definition

Adjusted gross income (AGI) is gross income from taxable sources minus allowable deductions.

Overview

In the equation above, taxable sources can include wages, interest, capital gains, income from retirement accounts, and alimony...

Adjustment

Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to establish an equitable arrangement between the parties.

For tax returns, an IRS-...

Adjustment of Status

Adjustment of status refers to the procedure for becoming a lawful permanent resident without having to leave the United States. Adjustment of status is processed by the USCIS and should be distinguished from consular processing, which is processed by...

Administrative Agency

A government body authorized to implement legislative directives by developing more precise and technical rules than possible in a legislative setting. Many administrative agencies also have law enforcement responsibilities.

See Administrative...

Administrative Hearing

Definition

A trial-like proceeding before an administrative agency or administrative law judge. As in a trial, evidence is proffered and testimony is given. Unlike a trial, an administrative hearing is often shorter in duration and more...

Administrative Law Judge (ALJ)

Definition

An independent hearing examiner who presides at an administrative hearing. An ALJ has the power to administer oaths, receive evidence, take testimony, and make initial findings of fact or law. An ALJ’s findings are subject to review...

Administrative Office of the United States Courts

The Administrative Office of the United States Courts (AO) is an administrative agency that is the central support entity for the judicial branch providing a wide range of administrative, legal, financial, management, program, and information...

Administrative Procedure Act

Definition

A federal statute that governs the procedures and practices of administrative law.

§ 3 of the APA, 5 USC § 552, addresses the procedural formalities that agencies must employ when making decisions. There is a distinction made...

Administrative Procedure Act (APA)

The Administrative Procedure Act (APA), 5 USC §500, et seq., establishes the governing framework of administrative law. It provides the procedures executive agencies can use to make rules and regulations, and the standards that court can use to review...

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