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What does PAL stand for?

PAL stands for Passive Activity Loss

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of PAL

Other Resources:
We have 574 other meanings of PAL in our Acronym Attic

Samples in periodicals archive:

When an S corporation's stock becomes worthless, shareholders are treated as having disposed of their entire interest in the S corporation for passive activity loss purposes, allowing the shareholders to deduct suspended passive losses from the S corporation without regard to the passive activity loss rules.
It has been over 25 years since the last major overhaul of the tax code, but the Tax Reform Act of 1986 ('86 Act) (1) continues to affect the manner in which taxpayers structure and conduct their business activities, particularly through the passive activity loss (PAL) rules introduced under Sec.
On his 1994 federal return, he treated the two rentals as separate passive activities and offset the passive activity loss from the health club against the rental income from the law firm; he reported total taxable rental income of $106,049.