摘要: Any form of tax or tariff that is rebated to the payor. This type of rebate is awarded to importers and exporters who paid tax on goods imported into their home country, and then exported those goods [阅读全文:]
摘要: When a farmer is forced to sell more animals than in a typical year because of poor weather conditions. The profits from the livestock sales can be deferred to the following year, even if the proceeds[阅读全文:]
摘要: An income tax rate structure in which two different tax rates are charged depending on income levels. All income will be taxed at the lower rate up to the cutoff income tax point and all income above [阅读全文:]
摘要: A taxpayer that has met the criteria to be both a resident and nonresident alien in a single tax year. The duality of the taxpayer's status pertains only to residence, not citizenship. Only non-U.S. [阅读全文:]
摘要: 1. A tax levied on certain goods, services or transactions. Duties are enforceable by law and are imposed on commodities or financial transactions, instead of individuals.
2. The obligation of [阅读全文:]
摘要: Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income.
Earned income includes a[阅读全文:]
摘要: An accounting method used for inventory that follows the last in, first out model. Dollar value LIFO uses this approach with all figures in dollar amounts, rather than in inventory units. It provides [阅读全文:]
摘要: A deduction against income derived from domestic manufacturing activities. The domestic production activities deduction is designed to encourage domestic production and production-related activities. [阅读全文:]
摘要: A private fund administered by a third party and created for the purpose of managing charitable donations on behalf of an organization, family, or individual.
Donor advised funds have be[阅读全文:]
摘要: Also known as IRS Form 8880, the Credit for Qualified Retirement Savings Contribution form is a one-page tax form used to calculate the amount of an individual or married couple's saver's credit. As[阅读全文:]