principal residence

principal residence definition - business

principal residence

The dwelling in which a person spends most of his or her time. The courts and the IRS consider a number of factors, including voter registration, and address on driver's license and tax returns when there is a question about a person's principal residence.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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