US Tax
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Audit
Tax Audit Audit means: an examination and verification, in a taxation context, of a taxpayer's books and records by the U.S. Internal Revenue Service. Examination and verification carried out by an outside agency (such as an accountancy firm or the tax authorities) of a taxpayer's books and […]
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Tax-sheltered Annuity
Tax-sheltered Annuity Tax-sheltered Annuity means:a retirement plan invested in annuities or a mutual fund custodial account for employees of a public school system or an exempt educational, charitable, or religious organization. The employee's rights must be nonforfeitable, and the […]
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Tax Increase
Tax Increase Prevention Act of 2014 Issue You may find information about Tax Increase Prevention Act of 2014 in this Tax Platform of the American Encyclopedia of Law.
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Severance Pay
Severance Pay means:an income bridge provided by some employers for employees going from employment to unemployment. Severance pay is taxable in the year received. Description and Definition of Severance Pay Money paid by an employer at the end of employment. Severance pay is taxable. […]
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Qualified Charitable Organization
Description and Definition of Qualified Charitable Organization A nonprofit organization that is approved by the U.S. Treasury to receive charitable contribution deductions. Resources See Also Further Reading Qualified Charitable Organization in the West's Tax Law Dictionary Qualified […]
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Wash Sale
Wash Sale means:a sale or other disposition of stock or securities at a loss accompanied by a purchase of substantially identical stock or securities during a period beginning 30 days before the date of sale or other disposition and ending 30 days after that date-a total of 61 days. The […]
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Scholarship
Description and Definition of Scholarship Monies granted by an organization to a student for tuition and other educational expenses. Grants to degree candidates receive tax free treatment if awarded after August 16, 1986, and used for tuition and course related expenses. Room and board […]
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Assault
Assault Issue You may find information about Assault in this Tax Platform of the American Encyclopedia of Law.
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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 […]
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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 […]
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