摘要: A program offered by the IRS to taxpayers who are unable to pay their tax debt. Those who qualify are allowed to make an offer in compromise, which is an offer to pay a lesser amount than that which i[阅读全文:]
摘要: Dividends from a mutual fund or some other regulated investment company that are not taxed. Taxes are not paid out because the fund invests in municipal and other tax exempt investments.
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摘要: An examination of documents by the Internal Revenue Service (IRS) for a matter that is considered to be reasonably simple.
This type of audit usually takes place at a local IRS office. <[阅读全文:]
摘要: A letter from the Internal Revenue Service that advises a taxpayer about delinquent taxes owed plus any penalties and interest. A notice of deficiency is sometimes also called a 90-day letter because [阅读全文:]
摘要: A tax shelter product designed to create large, seemingly real losses to be used for tax sheltering. This tax shelter involves creating a shell company, which enters into a long chain of sophisticated[阅读全文:]
摘要: A letter or written notice from the Internal Revenue Service (IRS) informing the recipient that authorization has been given to liquidate his or her assets in order to cover the income taxes due.
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摘要: A Canada Revenue Service form that must be submitted by non-residents who have received rent from real property or timber royalties in
摘要: Any income or losses that cannot be classified as passive. Nonpassive income includes any type of active income, such as wages, business income or investment income. Nonpassive losses include losses i[阅读全文:]
摘要: A period in which a company's allowable tax deductions are greater than its taxable income, resulting in a negative taxable income. This generally occurs when a company has incurred more expenses tha[阅读全文:]