摘要: As the name implies, this number is a nine-digit number used as a tracking number by the IRS for tax purposes. Whereas Social Security numbers are in the format of XXX-XX-XXXX, tax ID numbers are read[阅读全文:]
摘要: A liability owing to federal, state/provincial and municipal governments. Tax expenses are calculated by multiplying the appropriate tax rate of an individual or business by their income before taxes,[阅读全文:]
摘要: A tax platform based on an ideal that aims to create a system of taxation that is fair, clear and equivalent for all taxpayers. Overall, tax fairness looks to limit the amount of tax legislation and r[阅读全文:]
摘要:
Tax fraud occurs when an individual or business entity willfully and intentionally falsifies information on a tax return in order to limit the amount of tax liability. Tax fraud essentially entails[阅读全文:]
摘要: The day that the average American has earned enough money (in theory) to pay off his or her total tax obligations for the year. The calculation used to determine this date assumes that everyone in the[阅读全文:]
摘要: Tax free refers to certain types of goods and/or financial products (such as municipal bonds) that are not taxed and with earnings that are not taxed. The tax free status of these goods and/or funds m[阅读全文:]
摘要: Selling securities at a loss to offset a capital gains tax liability. Tax gain/loss harvesting is typically used to limit the recognition of short-term capital gains, which are normally taxed at highe[阅读全文:]
摘要: A country that offers individuals and businesses little or no tax liability.
There are several countries in the Caribbean that are considered tax havens.
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摘要: An attempt to minimize tax liability when given many different financial decisions. There is a wide variety of tax-efficient vehicles, including tax-efficient mutual funds, irrevocable trusts and tax-[阅读全文:]
摘要: Federal tax legislation passed in 1982 that modified some aspects of the Economic Recovery Tax Act of 1981 (ERTA). Both of these pieces of tax legislation took place during the Reagan Presidency.
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