Tax Memorandum
/ˈtaks ˈmɛm·əˌræn·dəm/
Definitions
- (n.) A written document prepared by tax professionals setting out analysis, rationale, and advice regarding a specific tax issue or transaction.
The lawyer drafted a tax memorandum to explain the implications of the new regulation on corporate income.
Forms
- tax memorandum
- tax memorandums
- tax memoranda
Related terms
See also
Commentary
Typically used internally or for client advisory purposes, a tax memorandum clarifies the tax consequences and supports planning or compliance decisions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.