Tag: EL

  • Elderly

    Volunteer Income Tax Assistance (Vita) and Tax Counseling for the Elderly Issue You may find information about Volunteer Income Tax Assistance (Vita) and Tax Counseling for the Elderly in this Tax Platform of the American Encyclopedia of Law.

  • Electronic Filing

    About Electronic Filing:¬†Electronic Filing (e-file) is a system whereby tax returns are transmitted electronically to the U.S. Internal Revenue Service, and tapes are created in the receiving station and loaded into the electronic filing computer system. The fastest way to get a tax return […]

  • Eligible Rollover Distribution

    About Eligible Rollover Distribution: Eligible Rollover Distribution (erd) is any distribution from a qualified pension or tax-sheltered annuity other than a minimum required distribution or a series of substantially equal periodic pension or annuity payments made over (a) the participant's life (or…

  • Electronic Return Originator

    About Electronic Return Originator: Electronic Return Originator (ERO) is a preparer or collector who files tax returns electronically. The Authorized IRS e-file Provider that originates the electronic submission of an income tax return to the IRS. EROs may originate the electronic submission of inc…

  • Eligibility Requirements

    Eligibility Requirements are. conditions found in employee benefit plans such as pension plans, under which minimum requirements, such as a certain number of years of service, must be met by an employee to qualify for benefits….

  • Election

    Election means:a choice offered a taxpayer in certain situations. Frequently, elections are irrevocable; that is, they may never be changed. For example, a taxpayer over age 55 who meets certain requirements may elect, once in a lifetime, to exempt up to $125,000 of gain from the sale of a princ…

  • Elective Deferral

    Elective Deferral means:a retirement plan option that allows an employee to have part of his or her pay contributed by the employer to a retirement fund rather than included in current wages. The deferred pay is not taxable to the employee until it is distributed from the retirement fund. Penalt…