Tax

Category: J

  • Jury Duty Pay

    Jury Duty Pay means:the compensation received for services as a juror; includable in gross income. Any portion remitted by an employee to the employer, however, is deductible by the employee from his or her gross income. Jury duty pay forfeited to employer . Jury fees the taxpayer are required …

  • Jeopardy Assessment

    Jeopardy Assessment means:the ability of the U.S. Internal Revenue Service to assess a tax immediately when it is believed that collection of the tax could be jeopardized by delay The U.S. Internal Revenue Service (IRS) must issue a no…

  • Job Hunting Expenses

    Job Hunting Expenses means:the expenses of looking for a new job in the same line of work, whether or not a new job is found; fees paid to an employment agency are miscellaneous itemized deductions, subject to the 2% Adjusted Gross Income floor…

  • Jointly and Severally

    Jointly and Severally means:together or individually, separately; a legal phrase used in definitions of liability, meaning that an obligation may be enforced against all obligators jointly or against any one of them separately. Former IRC (check <a href="http://lawi.us/internal-revenue-code-prov…

  • Jurisdiction

    Jurisdiction means:the power, right, or authority to interpret and apply tax laws or decisions. For example, the U.S. Court of Appeals has exclusive jurisdiction to review decisions of the U.S. Tax Court and the U.S. District Courts, and the U.S. Court of Appeals of the Federal Circuit has juris…