Luxury Tax A tax paid on expensive goods and services considered by the government to be nonessential.
Long-Distance Telephone Tax Refund Taxpayers are eligible to file for refunds of all excise tax they have paid on long-distance…
IRS e-file Refers to the preparation and transmission of tax return information to the IRS using telephone lines or a…
Investment Income Includes taxable and tax-exempt interest, dividends, capital gains net income, certain rent and royalty income, and net passive…
Internal Revenue Service (IRS) The federal agency that collects income taxes in the United States.
Intermediate Service Provider Assists in processing tax return information between the ERO (or the taxpayer, in the case of online…
Interest Income The income a person receives from certain bank accounts or from lending money to someone else.
Informal Tax Legislation Process Individuals and interest groups expressing and promoting their opinions about tax legislation.