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: An individual or entity that is obligated to make payments to municipal or government taxation agencies. The term taxpayer generally describes one who pays taxes. Taxes can exist in the form of incom[阅读全文:]
摘要: A tax service provided nationally by the IRS from 1997-2005 that allowed taxpayers filing form 1040EZ to phone in their tax returns with a touch-tone phone. Telefile was provided as a service of conve[阅读全文:]
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: A divestiture of a subsidiary or division by a publicly traded company, which will be subject to capital gains taxation. The subsidiary will become completely independent from the parent corporation, [阅读全文:]
摘要: Also known as the Social Security Wage Base, this base is the maximum amount of earned income upon which employees must pay Social Security taxes. Generally, the employee's gross wages will be equal [阅读全文:]