摘要: A fully automated phone service that offers prerecorded messages on various tax topics for callers. Teletax covers about 150 different tax-related issues commonly faced by taxpayers, such as who must [阅读全文:]
摘要: For income tax and estate planning, this refers to the year in which a person has died.
In most countries there are special tax limits and rules during a person's terminal year.
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摘要: Section 2035 of the tax code, which stipulates that assets that have been gifted through an ownership transfer, or assets for which the original owner has relinquished power, are to be included in the[阅读全文:]
摘要: A measure states can adopt to ensure corporations pay state taxes on 100% of their profits. Traditional state apportionment formulas base state corporate taxes on a formula that considers where a corp[阅读全文:]
摘要: Funds received over and above wages for services rendered. Also known as gratuities.
If an individual collects tips over a given amount during a calendar month, it must be reported to th[阅读全文:]
摘要:
A tax imposed on cigarettes to help pay for healthcare for the state’s poor and contribute to cancer research and smoking prevention and cessation programs. The idea behind the tobacco tax is[阅读全文:]
摘要: A means of taxing spot currency conversions that was originally suggested by American economist James Tobin (1918-2002). The Tobin tax was developed with the intention of penalizing short-term currenc[阅读全文:]
摘要: The composite total of all taxes that is owed by a taxpayer for the year. This number is essentially the penultimate point in the tax formula. It accounts for all credits and deductions due the taxpay[阅读全文:]
摘要: The total value of a deceased person's assets that are subject to taxation - minus liabilities and minus the prescribed tax-deductible portion of assets left behind by the deceased.
The[阅读全文:]
摘要: Any event or transaction that results in a tax consequence for the party who executes the event. Common examples of taxable events for investors include receiving interest and dividends, selling secur[阅读全文:]