摘要: A person who works for the Internal Revenue Service (IRS) examination department.
Revenue agents are usually responsible for (random) audits.
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摘要: 1. A person working for the Internal Revenue Service (IRS) collections department.
2. Short for Chief Revenue Officer, a person responsible for all revenue-generating functions.
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摘要: A decree issued by the IRS that essentially has the force of law. A revenue ruling outlines the IRS's interpretation of the tax laws and is binding on all IRS employees. Revenue rulings are published[阅读全文:]
摘要: A type of property exchange wherein the replacement property is acquired first, and then the current property is traded away. Reverse exchanges were created in order to help buyers who found a new pro[阅读全文:]
摘要: A tax imposed by the government at the point of sale on retail goods and services. It is collected by the retailer and passed on to the state.
It is based on a percentage of the selling [阅读全文:]
摘要: A type of property that derives more than 80% of its revenue from dwelling units. Residential rental property uses the 27.5 year modified accelerated cost recovery system (MACRS) schedule for deprecia[阅读全文:]
摘要: The payment of punitive damages that are owed as a result of wrongdoing or neglect. Restitution payments are an attempt to restore a person to a previous financial condition that should have persisted[阅读全文:]
摘要: Any type of agreement that requires the buyer to either take or abstain from a specific action. In real estate transactions, restrictive covenants are binding legal obligations written into the deed o[阅读全文:]
摘要: A tax that takes a larger percentage from low-income people than from high-income people. A regressive tax is generally a tax that is applied uniformly. This means that it hits lower-income individual[阅读全文:]
摘要: An IRS regulation that allows regulated investment companies to pass taxes from capital gains, dividends, and interest distributions onto individual investors.
This is done to avoid "double tax[阅读全文:]