摘要: Electronic funds that are deposited directly into your bank account rather than through a paper check. Common uses of a direct deposit include income tax refunds and pay checks.
As a who[阅读全文:]
摘要: A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the Presiden[阅读全文:]
摘要: To renounce an interest or obligation by way of a legal instrument - usually a written disclaimer, or a disclaiming trust. Property may be disclaimed for several reasons: because it is unwanted, becau[阅读全文:]
摘要: The amount of an individual's income that is left for spending, investing or saving after taxes and personal necessities (such as food, shelter, and clothing) have been paid. Discretionary income inc[阅读全文:]
摘要: A type of income that can disqualify an otherwise eligible taxpayer from receiving the earned income credit. Disqualifying income consists of both taxable and tax-free interest, dividends, net income [阅读全文:]
摘要: An arrangement in Australia that eliminates the double taxation of dividends.
Double taxation of dividends occurs when both a company and a shareholder pay tax on the same income. The co[阅读全文:]
摘要: Any travel expenses incurred while at a business convention. These expenses are tax-deductible if they are business or work-related.
Travel expenses may include food, lodgings, conventio[阅读全文:]
摘要: Tax audits that the IRS performs by mail. Correspondence audits are the lowest level of auditng performed by the IRS. The IRS sends the taxpayer a written request for additional information about a sp[阅读全文:]
摘要: The act of a parent company, whose headquarters are located within U.S. borders, switching registration with their offshore subsidiary in order to take advantage of foreign tax benefits.
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摘要: 1. The original value of an asset for tax purposes (usually the purchase price), adjusted for stock splits, dividends and return of capital distributions. This value is used to determine the capital g[阅读全文:]