PAL

(redirected from Passive Activity Loss)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia.
AcronymDefinition
PALPhase Alternation Line (television format)
PALPolice Athletic League
PALPolice Activities League (youth resource organization)
PALPhilippine Airlines
PALPerspectives in American Literature (various schools)
PALProperty and Land
PALPaladin (Everquest)
PALPhase Alternating Line
PALPeace and Love
PALProcess Asset Library
PALProvide-a-Lunch (Hanover, PA)
PALPan-American Life (life insurance; various locations)
PALPeace at Last
PALPoverty Action Lab
PALProgrammable Array Logic
PALParticipatory Action Learning (various organizations)
PALPerforming Arts Library (various locations)
PALPerformance Analysis of Logs (software)
PALPersonal Audio Link (software)
PALPoint and Laugh
PALParents of Addicted Loved-Ones (various locations)
PALPharmaceutical Affairs Law (medical manufacturing; various locations)
PALPrivileged Architecture Library
PALPersonal Answer Line
PALProtocol Adaptation Layer
PALPalette File
PALProduct Activity Log
PALPure and Applied Logic (various schools)
PALPaid Annual Leave (employment)
PALPack a Lip
PALPassive Activity Loss
PALPublic Authorities Law (New York)
PALPolitical Action League (various organizations)
PALProtuberance Air Load
PALPermissive Action Link
PALPreparation for Adult Living (program; various locations)
PALParochial Athletic League (various locations)
PALParents Are Listening
PALPublic Ada Library
PALPiece of Application Logic (computer kernel)
PALParadox Application Language
PALProgressive Addition Lens (seamless multifocal optical lens)
PALParent/Professional Advocacy League (Massachusetts, USA)
PALPohang Accelerator Laboratory
PALPrescription Access Litigation Project
PALPlantwide Applicability Limit (EPA New Source Review regulations)
PALPlatform Abstraction Layer
PALPeninsula Athletic League (San Francisco Bay Area)
PALPlanning Activity Level (airports)
PALPhone and Locator (communication device)
PALPlatform Adaptation Layer (OS abstraction layer used to port the Microsoft Shared Source Implementation)
PALPossession and Acquisition License
PALPorts Association of Louisiana (Baton Rouge, LA)
PALProgramming Assembly Language
PALPressure Acid Leach
PALPositron Annihilation Lifetime
PALParolee At Large (criminal justice)
PALPhysics Abstraction Layer
PALPartner Access onLine (Cisco)
PALPalaic (linguistics)
PALPrior Authorization List (TriWest Healthcare Alliance)
PALPersonal Access Link (online banking)
PALPerceptive Assistant That Learns (DARPA)
PALProvincial Airlines Limited
PALPacific Area Lightering (shipping zone; California coast)
PALPilot Activated Lighting
PALPinch a Loaf Productions
PALPaducah and Louisville Railway
PALPublic Affairs Level (US FEMA)
PALParcel Air Lift
PALProvisionally Accredited Levee (US Federal Emergency Management Agency)
PALPurdue Airlink
PALPan American Laboratories, Inc. (pharmaceutical company)
PALPicture Always Lousy
PALProcess Automation Language
PALParcel Airlift Service (USPS)
PALProgram Asset Library (Lockheed Martin)
PALProcess Assets Library
PALPalaeo Chart (energy exploration)
PALPhone Access Lookup (software to locate dial-up access telephone numbers)
PALProduct Application Literature (Far West Technology)
PALPersonnel Allowance List
PALPossession & Acquisition License (Canada firearms license)
PALPlay and Literacy
PALPaid Absence Leave
PALPre-Enrolled Access Lane
PALPolyvalente de l'Ancienne-Lorette (Quebec, Canada)
PALPorting & Abstraction Lab
PALPeople at Leisure (social group)
PALPhotonic Air Link (fiber optics connectivity)
PALPolyanaline
PALPrescribed Action Link
PALPeer ALliance (Toronto, Canada Chinese youth volunteer organisation)
PALProtection At Lightpath
PALPractice Area Leader
PALPurpose, Agenda, Limit
PALPersonnel Airlock
PALPlan Account Line
PALPanzerabwehr Lenkwaffe (Anti Tank Missile)
PALPrecise Account Locator
PALPersonal Assistant for Leisure Activities (Canada; disabled person recreation access)
PALPrice/Availability List
PALProcess Architecture Lab
PALPublication Applicability List
PALPublic Archaelogy Laboratory (Cultural Resources Identification)
PALParts Accumulation List
PALProducts Accepted List
PALPurpose, Agenda, and Logistics
PALPool Allowance
PALProject Assignment Letter
PALProtected Alveolar Lavage
PALPreliminary Action Level
PALPathology Associates of Lexington, PA (West Columbia, SC)
PALProcedure Abstraction Language
PALPermissible Alcohol Limit
PALPlacement Assistance List
PALPortable Accelerated Learning (New Reality Wellness Inc.)
PALPermanent Artificial Lighting
PALPreliminary/Publications Allowance List
PALPenetration Aid Launcher
PALPre-Affiliated List
PALPre-Affiliation Lists
PALPupil Admission Level (education; UK)
References in periodicals archive ?
Depending on the level of the class, other scenarios may involve income or losses from Schedule K-l, the qualified business income (QBI) deduction, passive activity losses, additional Medicare tax, the net investment income tax, and a sole proprietorship or rental activity.
Until such definitive guidance is issued, (26) estates and trusts will have to rely on the scant passive activity loss authorities currently available, which include the Senate report corresponding to the enactment of [section]469 and a Texas federal district court case.
(2) large corporations are not subject to the passive activity loss
The IRS requires that taxpayers with passive activities complete and file with their tax return Form 8582, Passive Activity Loss Limitations.
X corporation's passive activity loss for the year is computed as follows:
A decedent's suspended passive activity losses are allowed on the final income tax return, subject to certain limitations.
The Tax Reform Act of 1986 included a provision limiting the current use of passive activity losses and credits.
The analysis above appears to be confirmed by reading Form 8582-CR, Passive Activity Credit Limitations, in which the taxpayer calculates allowable passive credits, allowing the credits only against tax on passive income shown on Form 8582, Passive Activity Loss Limitations.
1.469-9(g) and the real estate professional exception to the passive activity loss rules under Regs.
Treasury Regulations section 1.469-4 provides rules for grouping activities for the purpose of applying the passive activity loss rules.
465; and, finally, the passive activity loss rules of Sec.