Author: Stuart Cullen

  • Self Employed Person

    Description and Definition of Self Employed Person An individual who operates a trade, business, or profession as a proprietor or independent contractor. Self employment income is reported on Schedule C. Resources See Also Further Reading Self Employed Person in the West's Tax Law […]

  • TeleTax

    Description and Definition of TeleTax An IRS phone number that you can call to hear recorded tax information or to check on your refund if you have not received it within three weeks. Resources See Also Further Reading TeleTax in the West's Tax Law Dictionary TeleTax in "A Dictionary […]

  • Consumer Interest Expense

    Description and Definition of Consumer Interest Expense Interest incurred on personal debt and consumer credit. Nondeductible interest from personal loans such as credit cards and car loans. Resources See Also Further Reading Consumer Interest Expense in the West's Tax Law Dictionary […]

  • Health Coverage

    Health Coverage, I.R.S. Form 1095-B Issue You may find information about Health Coverage, I.R.S. Form 1095-B in this Tax Platform of the American Encyclopedia of Law.

  • Tax Exemptions

    Description and Definition of Tax Exemptions An amount of income, indexed for inflation, on which you don't have to pay income tax. Every taxpayer receives at least one personal exemption. Resources See Also Further Reading Tax Exemptions in the West's Tax Law Dictionary Tax […]

  • Targeted Group

    Description and Definition of Targeted Group Groups of individuals that have been designated as having a high unemployment rate. Employers receive tax incentives to hire these workers under the Workforce Program. These groups include certain economically disadvantaged people, convicts, and […]

  • Crop Method

    Description and Definition of Crop Method A method of accounting used by farmers. It allows them to deduct the entire cost of producing the crop, including the expense of seed and young plants, in the year they realize income from the crop. Resources See Also Further Reading Crop Method in […]

  • Voluntary Compliance

    Description and Definition of Voluntary Compliance A voluntary compliance tax system requires citizens to report their income, calculate their tax liability, and file their tax returns on time. The U.S. federal income tax system is based on voluntary compliance. Resources See Also Further […]

  • Consolidated Appropriation

    Consolidated Appropriation Act, 2014 Issue You may find information about Consolidated Appropriation Act, 2014 in this Tax Platform of the American Encyclopedia of Law.

  • Handicapped Individuals

    Handicapped Individuals Issue You may find information about Handicapped Individuals in this Tax Platform of the American Encyclopedia of Law.