Tax

Category: E

  • Exemption

    Exemption may have one of the following meanings, depending the context of the term: 1. a deduction allowed a taxpayer because of his or her status or circumstances rather than because of specific economic costs or expenses during the taxable year. For example, a married couple having three […]

  • Executive Stock Options

    Executive Stock Options Issue You may find information about Executive Stock Options in this Tax Platform of the American Encyclopedia of Law.

  • Earned Income Credit

    Description and Definition of Earned Income Credit (EIC) A refundable credit for low-income taxpayers with earned income. Low-income workers can file a tax return to get an earned income credit, even if no income tax was withheld from the worker's pay. Resources See Also Further Reading […]

  • Expensing

    Code Section 179 Expensing Issue You may find information about Code Section 179 Expensing in this Tax Platform of the American Encyclopedia of Law.

  • Employer

    Employer means:a person who hires and pays wages, thereby providing a livelihood to individuals who perform work. The employment relationship confers authority on the employer, who has the right to control and direct the work to be performed. An employer also has the right to engage or […]

  • Estimated Tax Payments

    Description and Definition of Estimated Tax Payments Advance payment of current tax liability by making installment payments of your estimated tax liability. You may be required to make estimated tax payments if a significant amount of your income is not subject to withholding, such as net […]

  • Executor

    About Executor: Executor (executrix) is a person designated to cany out the wishes expressed in a will as to the administration of a decedent's estate and the distribution of the assets in it. An executor may be a bank trust officer, a family member, or a trusted friend. Executrix is the […]

  • Education IRA

    Description and Definition of Education IRA A new type of savings plan for higher education. An Education IRA has nothing to do with retirement. You may be able to make nondeductible contributions up to $500 per child per year to an education IRA for children under 18. There's no deduction […]

  • Enrolled Agent

    Enrolled Agent means:a person other than a certified public accountant or an attorney who is qualified to practice before the U.S. Internal Revenue Service. Enrolled agents have passed a 2-day examination or have worked in a technical area at the U.S. Internal Revenue Service for at […]

  • Employment Taxes

    Household Employment Taxes Issue You may find information about Household Employment Taxes in this Tax Platform of the American Encyclopedia of Law.