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  3. Law (general)

a reîncadra forma

English translation: reclassify

10:07 Oct 22, 2014
Romanian to English translations [PRO]
Law/Patents - Law (general)
Romanian term or phrase: a reîncadra forma
La stabilirea sumei unui impozit sau a unei taxe in înţelesul prezentului cod, autorităţile fiscale pot să nu ia în considerare o tranzacţie care nu are un scop economic sau pot reîncadra forma unei tranzacţii pentru a reflecta continut economic al tranzacţiei
Vertrad
Romania
Local time: 21:08
English translation:reclassify
Explanation:
"While the IRS can step in and reclassify a transaction based upon its substance, rather than its form, taxpayers often find that they have to live with the consequences of their initial choices. This means that if you choose a particular form for a transaction, you may have a difficult time trying to convince the IRS that the substance of the transaction differs from the form you chose." (http://www.bizfilings.com/toolkit/sbg/tax-info/fed-taxes/tax...
Selected response from:

Monica S.
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3reclassify
Monica S.
3reshape
Andrew Bramhall


  

Answers


16 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
reclassify


Explanation:
"While the IRS can step in and reclassify a transaction based upon its substance, rather than its form, taxpayers often find that they have to live with the consequences of their initial choices. This means that if you choose a particular form for a transaction, you may have a difficult time trying to convince the IRS that the substance of the transaction differs from the form you chose." (http://www.bizfilings.com/toolkit/sbg/tax-info/fed-taxes/tax...

Monica S.
Specializes in field
Native speaker of: Romanian
PRO pts in category: 36

Peer comments on this answer (and responses from the answerer)
agree  Andrew Bramhall: in such perfect English too!
7 mins
  -> thanks! :)
agree  Octavia Veresteanu
9 mins
  -> multumesc!
agree  Simona Pop
1 hr
  -> multumesc!
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23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
reshape


Explanation:
..may be an option in this context ( don't know for sure, can't speak Romanian!)

Andrew Bramhall
United Kingdom
Local time: 19:08
Native speaker of: Native in EnglishEnglish
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