tax

Business

Business A continuous and regular activity that has income or profit as its primary purpose.

4 years ago

Bonus

Bonus Compensation received by an employee for services performed. A bonus is given in addition to an employee's usual compensation.

4 years ago

Benefits Received

Benefits Received A concept of tax fairness that states that people should pay taxes in proportion to the benefits they…

4 years ago

Authorized IRS e-file Provider

Authorized IRS e-file Provider A business authorized by the IRS to participate in the IRS e-file Program. The business may…

4 years ago

Appeal

Appeal To call for a review of an irs decision or proposed adjustment.

4 years ago

Amount due

Amount due Money that taxpayers must pay to the government when the total tax is greater than their total tax…

4 years ago

Adjusted gross income

Adjusted gross income Gross income reduced by certain amounts, such as a deductible ira contribution or student loan interest

4 years ago

Ability to pay

Ability to pay A concept of tax fairness that states that people with different amounts of wealth or different amounts…

4 years ago

IRS Glossary of Terms

A AARP American Association of Retired Persons Accrual method Accounting method that reports income when earned (not necessarily received) and…

4 years ago

IRS Acronyms and Definition of Terms

Acronyms or Terms Name or Definition of Terms AB Advocate Advisory Board ACA Affordable Care Act ACS Automated Collection System…

4 years ago