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What does QJV stand for?

QJV stands for Qualified Joint Venture (tax classification)

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

  • Military and Government
  • Business, finance, etc.

Samples in periodicals archive:

As part of the annual liaison process between the IRS and the CalCPA Committee on Taxation, a question was submitted to the IRS pointing out self-employment tax problems that could arise because the 2007 instructions required each spouse electing qualified joint venture treatment for a rental real estate business to file a separate Schedule C (instead of Schedule E) even though that business' net income is not subject to the self-employment tax.
A qualified joint venture is a joint venture involving the conduct of a trade or business if (1) the only members of the joint venture are a husband and wife, (2) both spouses materially participate in the trade or business, and (3) both spouses elect to not have the joint venture treated as a partnership.
Tax Election Permits Certain Married Co-Owners in Qualified Joint Ventures to File Schedules C Rather than Partnership Returns For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28) provides that a "qualified joint venture," whose only members are a husband and a wife filing a joint return, can elect not to be treated as a partnership for Federal tax purposes.
Due to the proprietary design nature of the technology, the unique reactors and control modules will only be showcased to the media and qualified joint venture partners who have signed non-disclosure agreements.