TERM

Intermediate Service Provider

Intermediate Service Provider Assists in processing tax return information between the ERO (or the taxpayer, in the case of online…

4 years ago

Interest Income

Interest Income The income a person receives from certain bank accounts or from lending money to someone else.

4 years ago

Interest

Interest The charge for the use of borrowed money.

4 years ago

Informal Tax Legislation Process

Informal Tax Legislation Process Individuals and interest groups expressing and promoting their opinions about tax legislation.

4 years ago

Inflation

Inflation The simultaneous increase of consumer prices and decrease in the value of money and credit.

4 years ago

Infant Industry

Infant Industry A new or developing domestic industry whose costs of production are higher than those of established firms in…

4 years ago

Independent Contractor

Independent Contractor Performs services for others. The recipients of the services do not control the means or methods the independent…

4 years ago

Income Taxes

Income Taxes Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied…

4 years ago

Horizontal Equity

Horizontal Equity The concept that people in the same income group should be taxed at the same rate. "Equals should…

4 years ago

Head of Household filing status

Head of Household Filing Status You must meet the following requirements: 1. You are unmarried or considered unmarried on the…

4 years ago