Form W – 4
Description and Definition of Form W – 4
This is the form that you fill out and file with your employer so your employer can calculate the amount of tax to withhold from your pay.
Form W – 4
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Form 1040
Form 1040
Description and Definition of Form 1040
The U.S. Individual Income Tax Return Form 1040 is the basic “long” form taxpayers file annually with the Internal Revenue Service. Taxpayers with simple returns can use the “short” Form 1040 A or Form 1040 EZ.
Description and Definition of Form 1040, U.S. Individual Income Tax Return
This is the basic “long form” you file annually with the IRS. If you do not have a complex tax return, you may be able to use the “short form” versions: Form 1040A or 1040EZ.
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Further Reading
- Form 1040, U.S. Individual Income Tax Return in the West's Tax Law Dictionary
- Form 1040, U.S. Individual Income Tax Return in “A Dictionary of Taxation”
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Foreign Earned Income Exclusion
Foreign Earned Income Exclusion
Foreign Earned Income Exclusion means:
an allowed exclusion of up to $70,000 of foreign earned income by a qualifying person working abroad for at least 330 full days out of any period of 12 consecutive months. The person must have a tax home in a foreign country and meet either a bona fide residence test or a physical presence test. Former IRC (check if this IRC provision is current here) §911(a)(1).
Description and Definition of Foreign Earned Income Exclusion
Up to $72,000 of foreign earned income is exempt from tax if a foreign residence or physical presence test is met.
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Form W-2
Form W-2
Description and Definition of Form W-2
The form you receive from your employer by January 31st of each year which reports your annual wages, taxes withheld, and other information.
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Foreign Housing
Foreign Housing
Description and Definition of Foreign Housing Exclusion and Deduction
You may qualify for this exclusion or deduction if your employer paid for your foreign housing or you were self-employed and you lived and earned income outside the United States.
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Form 1040EZ
Form 1040EZ
Description and Definition of Form 1040EZ
The U.S. Individual Income Tax Return Form 1040EZ is the “shortest” “short” form version of Form 1040. It's used by taxpayers with no deductions, no adjustments to income, income of only wages, interest, or unemployment compensation, and no dependents. Form 1040EZ is great if you're single or married, don't have any dependents and aren't rolling in dough.
Description and Definition of Form 1040EZ, U.S. Individual Income Tax Return
The simplest version of Form 1040, used by taxpayers with no deductions, no adjustments, income only from wages, interest, or unemployment compensation, and no dependents.
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See Also
Further Reading
- Form 1040EZ, U.S. Individual Income Tax Return in the West's Tax Law Dictionary
- Form 1040EZ, U.S. Individual Income Tax Return in “A Dictionary of Taxation”
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Further Reading
Formal Tax Legislation Process
Formal Tax Legislation Process
Description and Definition of Formal Tax Legislation Process
The process of Congress passing a tax bill and the President signing it into law.
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Forms
Forms
Employer Provided Insurance Offer and Coverage I.R.S. Form 1095-C Issue
You may find information about Employer Provided Insurance Offer and Coverage I.R.S. Form 1095-C in this Tax Platform of the American Encyclopedia of Law.
Foreign Child
Foreign Child
Description and Definition of Foreign Child
A foreign child is a child who is not a U.S. citizen or resident. Adoption of a foreign child may qualify certain expenses for the adoption credit. You cannot deduct adoption expenses until the year the adoption is finalized.
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Foreign Assets
Foreign Assets
Statement of Specified Foreign Assets, Form 8938 Issue
You may find information about Statement of Specified Foreign Assets, Form 8938 in this Tax Platform of the American Encyclopedia of Law.