comparable uncontrolled transaction (CUT)
Definition
A method used by the IRS to determine if prices reported for intangible property are comparable to prices for similar property in arm's length transactions. Intangible property includes such things as patents, processes, designs, copyrights, and trademarks.
Related Articles
- The Importance of Saving and How Much To Set Aside *
- What is Difference Between Direct and Indirect Tax? *
- Which High Return Investment Is Right For Your Retirement Savings? *
- Introduction to Taxes and Basic Information *
- An Explanation of the Various Facets of a 401(k) Plan *
- Municipal Bonds *
- Corporate Bonds *
- Overview of Annual Reports *
Related Videos
http://www.businessdictionary.com/definition/comparable-uncontrolled-transaction-CUT.html
