Compliance Costs Law and Legal Definition
Compliance costs are the costs incurred by the taxpayer for making arrangements for the payment of taxes and for meeting the statutory compliance requirements for such payment. Compliance costs include the value of the taxpayer's time and resources, along with any out-of-pocket costs paid to tax preparers and other tax advisors, etc.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Administrative Settlement Costs
- Architectural and Transportation Barriers Compliance Board [ATBCB]
- Average Total Costs [ATC]
- Avoidance Costs
- Award of Costs to Prevailing Party
- Below the Line Costs
- Bond Financing Costs [Aeronautics and Space]
- Bureau of Verification, Compliance, and Implementation [Department of State]
- Civil Procedure Costs
