Tax professionals and accountants preparing tax returns for sending to the IRS.
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TAX RATE
Tax liability that is a percept of taxable income .
TAX RATE SCHEDULE
Document showing what taxes need to be paid based on filing status such as married or single.
TAX RATE SCHEDULES
Listing of taxes based on filing status.
TAX REDUCTION STRATEGY
Plan to reduce amount of income tax owed by using tax credits, exemptions and deductions.
TAX REFORM
Way a government revises how its tax laws are imposed.
TAX REFORM ACT OF 1986
Federal law allowing REITs to run and oversee income producing commercial properties.
TAX REFUND
the name given to the money that is paid an taxes and is then repaid to the tax payer.
TAX REGIMEN
Mechanism of tax regulations, rates, scope comprising the approach to tax by a government.
TAX RETURN
Tax authority form filled in by the tax payer.
TAX RETURN PREPARER
Business or individuals who calculate amount of taxes owed or refund needed and sent to IRS.
TAX ROLL
Record containing descriptions of parcels of land within a county.
TAX SALE
Public auction forced by tax authorities in order to recover unpaid taxes.
TAX SALE CERTIFICATE
Document issued by taxation office.
TAX SHELTER
Investment qualifying for special tax treatment, deferred taxes, exempt from tax.
TAX SHELTERED ANNUITY
Annuity where contributions made are deducted from taxable income .
TAX SHIELD
Tax benefit tht occurs from interest deductability on a debt funding instrument . The higher the tax rate the more benefit. Refer to tax umberella.
TAX SHIFTING
Tax burden that is transferred from one entity to another.
TAX STATUS ELECTION
Way to decide how to file tax for your status, single or married, S or C corporation .
TAX STOP
Clause in a lease preventing the leaser from paying tax on property larger than a set amount.
TAX SUPPLEMENT
Tax imposed locally with the same tax base that the higher level of government has imposed.
TAX TITLE
Ownership proof from a property bought at a tax sale.
TAX TREATY
Agreement between governments in order to prevent tax evasion and double taxation by a resident of one state who earns income in another state.
TAX WAIVER
Document issued by the state specifying that the tax department will transfer stock as it has indicated.
TAX WRITE OFF
The off-setting depreciation , losses and expenses against income of a tax payer.