Tax

Category: I

  • Ira

    Sep-Ira Issue You may find information about Sep-Ira in this Tax Platform of the American Encyclopedia of Law.

  • Indirect Tax

    About Indirect Tax: A tax that can be shifted to others, such as sales taxes, VAT (in Europe and other regions) and business property taxes. See Indirect Tax in the U.S. Reference and Indirect Tax in the International reference. U.S. and other Developed Countries International Tax Meaning Tax […]

  • Improvements

    Description and Definition of Improvements The expenses of permanently upgrading your property as compared to maintaining or repairing it. You add the cost of the improvements to the basis of the property instead of taking a deduction for the cost of the improvements in the year paid. If the […]

  • Identity Theft

    Identity Theft Affidavit, I.R.S Form 14039 Issue You may find information about Identity Theft Affidavit, I.R.S Form 14039 in this Tax Platform of the American Encyclopedia of Law. Tax Related Identity Theft Issue You may find information about Tax Related Identity Theft in this Tax Platform […]

  • Insurance Returns

    Transmittal of Employer-Provided Health Insurance Offer and Coverage Insurance Returns, I.R.S. Form 1094-C Issue You may find information about Transmittal of Employer-Provided Health Insurance Offer and Coverage Insurance Returns, I.R.S. Form 1094-C in this Tax Platform of the American […]

  • Investment Interest Expense

    Investment Interest Expense means (see more about entries related to interest in the U.S. here) interest paid to carry portfolio investments such as bonds, stocks, and undeveloped land. (Investment interest is Interest paid on loans used for investment purposes, such as to buy stock on […]

  • Incentive Stock Option

    About Incentive Stock Option: The Incentive Stock Option (ISO) is an equity-type compensation plan under which qualifying stock options are free of tax at the date of grant and the date of exercise but are taxed when sold. Only $100,000 of ISOs can be exercised in one year, and a number of […]

  • Itemized Deductions

    Itemized Deductions means:specific individualized tax deductions, allowed under provisions of the Internal Revenue Code and state and municipal tax codes for specific expenses incurred by the taxpayer during the taxable year (e.g., unreimbursed medical expenses, qualified residence […]

  • Individual Retirement Arrangement

    Description and Definition of Individual Retirement Arrangement (IRA) A retirement account to which $2,000 or 100% of the compensation you earned during the year, whichever is less, may be contributed annually. Deductions for the contribution are restricted if you are covered by a company […]

  • Inter Vivos Trust

    Description and Definition of Inter Vivos Trust A lifetime trust. An Inter Vivos Trust is created during the lifetime of the benefactor, as opposed to a testamentary trust that is created after the death of the benefactor. If irrevocable, income on the trust principal is shifted to the trust […]