The basics of tax planning explains the difference between permissible tax avoidance and impermissible tax evasion. Selecting your business form examines how your income tax obligations are affected by the operating structure (sole proprietorship, partnership, corporation, etc.) you choose for your business. Defining your trade or business discusses how the IRS distinguishes between a business operated for profit and a hobby operated for personal satisfaction.
Back formation definition, the analogical creation of one word from another word that appears to be a derived or inflected form of the first by dropping the apparent affix or by modification. See more.
The sense of the word retract meaning to draw back or withdraw comes from the mid-16th century, and its meaning was clear when Napoleon Bonaparte said, In politics...never retreat, never retract...never admit a mistake.. Still, sometimes you wish you could retract something you said or did. Cats can retract their claws, and some snakes can retract their fangs, but words spoken in anger can never be fully retracted, or taken back.