For tax purposes, a 1031 exchange is a real estate more...
1035 exchange refers to the provision of the US tax more...
The 1040 form is the Internal Revenue Service form that more...
The 1040A form is a shorter and more simple version more...
The 1040EZ form is the easiest (hence the name) of more...
Introduced by in 1993, the IRS designed 1040PC form to more...
Form 1099B ("Proceeds from Broker and Barter Exchange") is used more...
Form 1099R is an IRS form reporting a taxpayer's distributions more...
|30-Day Wash Rule
The 30-day wash rule is an IRS rule prohibiting the more...
A 401(k) plan is a deferred compensation plan used for more...
A 401a is a retirement plan that employers set up more...
A 403(b) plan, named for section 403(b) of the Internal more...
A 423b plan refers to an employee stock purchase plan more...
Similar to a 401K and a 403B plan and based more...
A 529 plan is an education savings plan overseen by more...
Abatement refers to a reprieve from or reduction in a more...
|Above The Line Deduction
An above the line deduction is a tax deduction allowed more...
|Accredited Personal Financial Planning Specialist
Accredited Personal Financial Planning Specialist is a professional title available more...
Active income is a form of income for which labor more...
|Ad Valorem Tax
An ad valorem tax is a tax based on a more...
|Additional Child Tax Credit
The additional child tax credit is available for individuals whose more...
|Adjusted Gross Income
Adjusted gross income is the amount of income used on more...
|Alternative Minimum Tax
The US Congress introduced alternative minimum tax (AMT) in 1970 more...
|Alternative Motor Vehicle Credit
The Alternative Motor Vehicle Credit was enacted with the Energy more...
An amended return is a tax return filed to correct more...
|American Association of Individual Investors
American Association of Individual Investors (AAII) is a Chicago-based, investor more...
|American Jobs Creation Act Of 2004
The American Jobs Creation Act of 2004 implemented a range more...
The Alternative Minimum Tax, or AMT, is a tax intended more...
|Asset Depreciation Range
Asset depreciation range refers to a system used to determine more...
An audit is an objective process that involves evaluating and more...
An auditor is an individual qualified at the state level more...
|Average Price Per Share
The average price per share is determined by dividing the more...
Back taxes are taxes owed for years prior to the more...
Backup withholding is a mechanism that enables the IRS to more...
Before-tax income, also known as pretax income, is the amount more...
Business expenses are the costs a business incurs in the more...
In a basic sense, capital goods are goods used for more...
A capital loss is a decrease in the value of more...
|Certified Public Accountant
A Certified Public Accountant (CPA) is a person licensed by more...
Chapter 11 is a section of the US Bankruptcy Reform more...
Chapter 13 is a provision in U.S. bankruptcy law under more...
Chapter 7 is a section of the US Bankruptcy Code more...
|Child and Dependent Care Credit
The child and dependent care credit is a federal income more...
|Child Tax Credit
The Child Tax Credit is a nonrefundable credit offered by more...
A consumption tax is a charge levied on spending for more...
Cost basis reflects the true cost of purchasing a financial more...
|Coverdell Education Savings Account
Formerly called the education IRA, the Coverdell education savings account more...
A death put, sometimes called a survivor's option, is a more...
A debtor is a person or entity that is owes more...
A deferred annuity is a contract that delays annuity payments, more...
Deferred compensation is the portion of an employee's income that more...
Deferred tax represents a company's liability for taxes owed that more...
|Defined Benefit Plan
A defined benefit plan is a type of qualified retirement more...
|Defined Contribution Plan
A defined contribution plan is a type of qualified retirement more...
The term dependent generally describes a person who is financially more...
Depreciable property is any property other than land a property more...
Depreciation is the reduction in the value of an asset more...
|Depreciation and Amortization
Depreciation and amortization are accounting transactions that record the loss more...
A dividend is a payment by a corporation to its more...
|Dividend Payout Ratio
The dividend payout ratio is the percentage of a company's more...
Double taxation occurs when a government taxes the same income more...
Early retirement occurs when an individual retires before the required more...
|Early Withdrawal Penalty
An early withdrawal penalty is a fine levied on funds more...
Earned income is wages, salary, tips, fees or other compensation more...
|Earned Income Tax Credit
The earned income tax credit (EITC) is a tax refund more...
|Earnings Before Interest
Earnings before interest and pretax operating income and pretax operating more...
|Earnings Before Interest and Taxes
Earnings before interest and taxes (EBIT) is an indicator of more...
EBIT is an acronym for Earnings Before Interest and Taxes. more...
EBITDA or "earnings before interest taxes depreciation and amortization" is more...
The education IRA is a savings plan for certain expenses more...
|Effective Tax Rate
The effective tax rate for an individual is usually the more...
Enterprise zone is a specially designated area within which businesses more...
Entitlements are government benefits provided by law to eligible individuals. more...
Estate planning is a process of planning for efficient handling more...
The estate tax is simply a tax on assets charged more...
Estimated tax is tax that a self-employed individual or a more...
|Exchange Traded Notes
Exchange Traded Notes (ETN) are considered senior, unsecured debt securities. more...
Exempt income is any income that is not subject to more...
Fair value is a market price that both the buyer more...
A fairly valued stock is a stock whose perceived value more...
A flat tax system has a fixed tax rate regardless more...
|Flexible Spending Account
A flexible spending account is a monetary employee benefit that more...
Form 1098 is an IRS tax form filed by entities more...
A gain is an increase in the value of an more...
The gift tax is a US tax levied on gifts more...
|Home Equity Loans
Home equity loans are a type of loan that is more...
Income tax is tax levied against personal income or a more...
|Individual Tax Return
An individual tax return is a tax return filed by more...
The inheritance tax is tax imposed on the heirs of more...
An interest deduction is any deduction of interest payments that more...
|Internal Revenue Service
The Internal Revenue Service is the branch of the US more...
Real property owned by an entity for other than its more...
An IRA - Individual Retirement Account - is a tax-sheltered more...
An IRA rollover is a lump-sum distribution deposited from an more...
An irrevocable trust is a trust that once established, cannot more...
An itemized deduction is a deduction listed separately against a more...
|Job Hunting Expenses
Job hunting expenses (expenses incurred in finding a new job) more...
Joint is a term that refers to two things being more...
A joint return is an IRS tax return that is more...
|Joint Tax Return
A joint tax return is one tax return filed by more...
|Joint Tenancy with Right of Survivorship
In joint tenancy with right of survivorship, each party owns more...
|Joint Tenants in Common
Joint tenants in common is a way for two or more...
|Joint Tenants with Right of Survivorship
Joint tenants with right of survivorship, sometimes abbreviated JTWROS, is more...
A joint will is a type of legal agreement, in more...
JTWROS, an acronym meaning joint tenants with right of survivorship, more...
A special tax on the investment gains and unearned income more...
A luxury tax is a tax on luxury goods. The more...
|Marginal Tax Rate
The marginal tax rate is rate of tax applicable to more...
|Mark to Market
Mark to market is an accounting calculation tracking the current more...
|Married Filing Jointly
Married filing jointly is the tax filing term for a more...
|Married Filing Separately
Married filing separately is a tax filing status under which more...
The term medical expenses refers to certain dental and medical more...
Medicare is a national health insurance program for people age more...
|Mortgage Interest Deduction
In US federal taxation, the mortgage interest deduction is a more...
Net income is the revenues of a company minus all more...
Net worth is total assets minus its total liabilities. Put more...
|Non-Refundable Tax Credit
A non-refundable tax credit is a credit that can reduce more...
Passive income is income not earned from work. The more...
In US tax regulations, a passive loss is a loss more...
The personal exemption is a dollar amount excluded from taxable more...
Phantom income is any income that is reportable as taxable more...
Principal residence refers to the main home where a person more...
A progressive tax levies higher taxes on those of greater more...
|Qualified Retirement Plan
A qualified retirement plan meets the requirements of the IRS more...
|Registered Education Savings Plan
A Registered Education Savings Plan - or RESP - is more...
Relative strength is a term associated with technical analysis that more...
|Relative Strength Index
The Relative Strength Index is a popular price-following oscillator that more...
|Required Rate of Return
The required rate of return is the minimum rate of more...
A reverse split is a reduction in the number of more...
A revocable trust is a trust that can be changed more...
An S corporation is a corporation that for tax purposes more...
|Salary Reduction Simplified Employee Pension Plan
A salary reduction simplified employee pension plan was an investment more...
Schedule A is an IRS form that accompanies the tax more...
Schedule D is an IRS income tax form. Taxpayers more...
Section 1031 refers to a portion of the U.S. tax more...
Section 1259 is a portion of the federal tax code more...
|Section 1341 Credit
A section 1341 credit is a tax credit taxpayers may more...
A section 988 refers to a tax rule governing capital more...
In the United States, a self-employed person is any person more...
A self-employment tax is assessed by the IRS on the more...
A SEP, or Simplified Employee Pension, is a retirement plan more...
|Short Tax Year
A short tax year is any period of less than more...
|Simplified Employee Pension
A Simplified Employee Pension, or SEP, is a retirement plan more...
Sin tax is a term that identifies a tax levied more...
|Social Security Tax
The social security tax is a tax the federal government more...
A sole proprietorship is a business that one person owns, more...
|Special Assessment Tax
A special assessment tax is a charge or levy a more...
A stamp duty broadly refers to any tax a government more...
A standard deduction is an amount of income that can more...
|Standard Mileage Rate
The standard mileage rate refers to a federal tax deduction more...
|State Income Tax
State income tax is a tax states levy on personal more...
A tax advisor is a specialist that offers tax expertise more...
A tax base is comprised of or refers to the more...
Tax court is a federal court wherein taxpayers can challenge more...
A tax credit is a direct reduction in the amount more...
A tax deduction is a provision in the U.S. tax more...
|Tax Equity and Fiscal Responsibility Act of 1982
The Tax Equity and Fiscal Responsibility Act of 1982 was more...
Tax evasion is the deliberate underpayment or non-payment of taxes more...
Tax exempt is a status or condition in which an more...
|Tax Freedom Day
Tax freedom day is the day the average working American more...
A tax haven is a territory where a person or more...
A tax holiday is a temporary reduction or elimination in more...
A tax liability is simply a legal claim on assets more...
A tax lien gives a governing, taxing authority a legal more...
Tax planning is a process individuals, businesses, and organizations use more...
|Tax Reform Act of 1986
The Tax Reform Act of 1986 constituted a major overhaul more...
A tax refund is a payment by the IRS or more...
A tax schedule refers to the variety of forms used more...
A tax shelter is a legal means of lowering or more...
A tax shield is a legal means of reducing income more...
A tax swap is a method of realizing a capital more...
A tax table is a set of columns and rows more...
A tax year is a 12-month period initiated by a more...
A tax-exempt security is an investment instrument that produces income more...
|Tax-Free Savings Account
A tax-free savings account is a Canadian savings account that more...
Taxable estate is the fair market value of one's assets more...
Taxable income is all income that is subject to taxation more...
|Taxable Wage Base
The taxable wage base refers to the amount of wages more...
Taxation is power of government in which a governing authority more...
|Taxation Without Representation
Taxation without representation refers to a governance issue wherein a more...
|Taxpayer Advocate Service
The Taxpayer Advocate Service is an independent office within the more...
|Taxpayer Identification Number
A taxpayer identification number is a number the IRS uses more...
For IRS tax purposes, a person is considered terminally ill more...
A TIN, also known as a taxpayer identification number, is more...
Tip income is compensation in addition to salary or hourly more...
Total tax represent the total federal taxes a specific taxpayer more...
Transportation expenses are the direct cost of traveling to conduct more...
Travel expenses are deductible business expenses incurred while traveling away more...
A trust company is a firm, usually associated with a more...
Underpayment penalty is a tax penalty assessed by the IRS more...
Unearned income is any income that comes from sources other more...
Unemployment income is compensation received from state and federal programs more...
|Uniform Gift to Minors Act
The Uniform Gift to Minors Act creates a custodial vehicle more...
Universal life insurance is a life insurance policy which combines more...
Useful life refers to the expected period of time that more...
|Value Added Tax
A value added tax is sometimes referred to as VAT. more...
|Volunteer Income Tax Assistance
Volunteer Income Tax Assistance is an IRS-sponsored program in which more...
A W-2 Form is an income tax withholding document that more...
A W-4 form is a US federal tax form on more...
A W-8 Form is a request by a payer for more...
A W-9 Form is a document issued by a payor more...
A wash sale occurs if an investor sells a stock more...
|Wash Sale Rule
The wash sale rule is an IRS rule that prohibits more...
Withholding refers to the deduction of payroll taxes from an more...
A withholding tax is a tax automatically taken from income more...