US Tax
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Employer Identification Number
About Employer Identification Number: An Employer Identification Number (EIN) is a taxpayer identification number for an entity other than an individual, such as a partnership, corporation, estate, or trust. See Employer Identification Number and Employer Identification Number. A federal […]
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Vacation Home
Vacation Home means:a dwelling used by its owner occasionally for recreational or resort purposes; it may be rented to others for a portion of the year. Income tax deductions pertaining to vacation homes depend on the frequency of use by the owner. Generally a business loss cannot be […]
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Costs
Description and Definition of Transportation and Storage Costs The costs of moving your household belongings, furniture, vehicles, and pets, to your new home, and the cost of in transit storage for up to 30 consecutive days. These are deductible moving expenses. Resources See Also Further […]
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Prepaid Expenses
The Prepaid Expenses are. amounts that are paid before the period they cover. Such expenses often include insurance and rent. Prepaid expenses are not deductible until the appropriate period. See also other Tax Terms and Definitions in U.S.A. economic performance rule. Description and […]
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Roth Iras
Roth Iras Issue You may find information about Roth Iras in this Tax Platform of the American Encyclopedia of Law.
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Bond
Bond means:an obligation to pay. Most federal, municipal, and corporate bonds pay interest twice a year (semiannually). Interest on municipal bonds is generally nontaxable for federal income tax purposes and in the municipality of issue. Interest on federal government bonds is taxable […]
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Attorneys' Fee Awards
Description and Definition of Attorneys' Fee Awards If you litigate with the IRS in Tax Court or another federal court and win and you can show that the IRS's position was unreasonable you may be entitled to a certain amount for attorneys' fees and other litigation expenses. […]
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Capital Budget
Description and Definition of Capital Budget The estimated amount planned to be expended for capital items in a given fiscal period. Capital items are fixed assets such as facilities and equipment, the cost of which is normally written off over a number of fiscal periods. Shows plans for […]
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Form W – 4
Description and Definition of Form W – 4 This is the form that you fill out and file with your employer so your employer can calculate the amount of tax to withhold from your pay. Resources See Also Further Reading Form W – 4 in the West's Tax Law Dictionary Form W – 4 in…
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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.
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