NCDs (National Coverage Determinations) and LCDs (Local Coverage Determinations) are. decisions by Medicare and their administrative contractors that provide coverage information. and determine whether services are reasonable and necessary on certain services offered by. participating providers.
A tax (from the Latin taxo) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is usually punishable by law.
What is Tax Basis? Definition of Tax Basis. In the context of finance, the original cost of an asset less depreciation that is used to determine gains or losses for tax purposes.In the context of investments, the price of a stock or bond plus the broker's commission.