摘要: A nonrefundable education tax credit that can be claimed for students that have yet to complete two years of post secondary education. The Hope Credit may be taken for tuition and fees, but not room a[阅读全文:]
摘要: Electronic versions of tax forms, first posted by the IRS in 2009, to allow taxpayers, regardless of their income, to file their taxes online at no cost. Free file fillable tax forms are meant to spee[阅读全文:]
摘要: A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are met. Any employee who receives taxable fringe benefits will have to include t[阅读全文:]
摘要: A federal subsidy that allows businesses to reduce their taxable income dollar for dollar based on specific types of fuel costs. There are several types of fuel credits. For example, a 2005 fuel credi[阅读全文:]
摘要: A managerial accounting method that describes when all fixed and variable costs, including manufacturing costs, are used to compute the total cost per unit. Full costing includes these costs when comp[阅读全文:]
摘要: A status that is important for determining dependency exemptions. Full-time status is based on what the individual's school considers full time.
An individual enrolled in a post-seconda[阅读全文:]
摘要: Income tax that is deferred because of discrepancies between a company's tax return and the tax calculated on the company's financial statements. Future income tax occurs when there is a greater amo[阅读全文:]
摘要: An increase in the value of an asset or property. A gain is measured as the amount of capital realized from selling a good at a price higher than the original purchase price.
When most g[阅读全文:]
摘要: Any income that is the result of games of chance or wagers on events with uncertain outcomes (gambling). This income is subject to taxation.
Gambling income includes any money earned pla[阅读全文:]
摘要: A loss resulting from games of chance or wagers on events with uncertain outcomes (gambling). These losses can only be claimed against gambling income.
Gambling losses include the cash l[阅读全文:]