Taxes Terms and Definitions

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1031 tax-free exchange
1035 exchange
1040
1040 Form
1040 Form Schedule A
1040 Form Schedule B
1040 Form Schedule C
1040 Form Schedule C-EZ
1040 Form Schedule D
1040 Form Schedule D-1
1040 Form Schedule E
1040 Form Schedule EIC
1040 Form Schedule F
1040 Form Schedule H
1040 Form Schedule J
1040 Form Schedule L
1040 Form Schedule M
1040 Form Schedule R
1040 Form Schedule SE
1040-A Form
1040-C Form
1040-ES (NR) Form
1040-ES Form
1040-EZ Form
1040-NR Form
1040-NR-EZ Form
1040-SS Form
1040-V Form
1040-X Form
1098 Form
1098-C Form
1098-E Form
1098-T Form
1099
1099-A Form
1099-B Form
1099-C Form
1099-CAP Form
1099-DIV Form
1099-G Form
1099-H Form
1099-INT Form
1099-LTC Form
1099-MISC Form
1099-OID Form
1099-PATR Form
1099-Q Form
1099-R Form
1099-S Form
1099-SA Form
1120 Form
1120 Form Schedule B
1120 Form Schedule D
1120 Form Schedule G
1120 Form Schedule H
1120 Form Schedule M-3
1120 Form Schedule N
1120 Form Schedule O
1120 Form Schedule PH
1120 Form Schedule UTP
1120-C Form
1120-F Form
1120-F Form Schedule H
1120-F Form Schedule I
1120-F Form Schedule M-1, M-2
1120-F Form Schedule M-3
1120-F Form Schedule P
1120-F Form Schedule S
1120-F Form Schedule V
1120-FSC Form
1120-FSC Form Schedule P
1120-H Form
1120-IC-DISC Form
1120-IC-DISC Form Schedule K
1120-IC-DISC Form Schedule P
1120-IC-DISC Form Schedule Q
1120-L Form
1120-L Form Schedule M-3
1120-ND Form
1120-PC Form
1120-PC Form Schedule M-3
1120-POL Form
1120-REIT Form
1120-RIC Form
1120-S Form
1120-S Form Schedule D
1120-S Form Schedule K-1
1120-S Form Schedule M-3
1120-SF Form
1120-W Form
1120-X Form
183-day rule
30-day wash rule
401(k) plan
403(b) plan
408(k) plan
457 plan
4868 Form
501-(C)(3) bond
8863 Form
8917 Form
90-day letter
940 Form
940 Form Schedule A
940 Form Schedule R
940-B Form
941-SS Form
941-X Form
abatement
abusive tax shelter
Accelerated Cost Recovery System
Accelerated Depreciation
accommodation trading
accumulated earnings tax
ACRS
ad valorem
Adjusted Gross Income
adjustments to income
adoption credit
advance pricing arrangement (APA)
advance ruling
after-tax
after-tax basis
after-tax contributions
after-tax return
agency bond
AGI
airport revenue bond
allocation of income rules
Alternative Minimum Tax
amended return
amended returns
American opportunity tax credit
American Taxpayer Relief Act of 2012
amount recognized
AMT
annual exclusion
annual mortgagor statement
annuitant
annuitize
annuity
anticipation
applicable federal rate
appraisal
appraiser
assessed loss
assessed value
assessment
assessment of deficiency
assessor
assignment of income
asymmetric taxes
audit
audit committee
auditor
automatic extension
automatic tax lien
average price per share
average tax rate
back taxes
backup withholding
basis
before-tax income
bond swap
bracket creep
break-even tax rate
breakeven tax rate
Buffett Rule
burnout
Bush Tax Cuts
business activity statement (BAS)
bypass trust
capital dividend account (CDA)
capital gain
capital gains reserve
capital gains tax
capital loss carryover
carryback
carryforward
cash basis taxpayer
cash flows from operating activities
Cash or Deferred Arrangement
cash taxes
casualty and theft losses
Certified Financial Planner
charitable contribution carryovers
charitable contributions deduction
child and dependent care credit
claim for refund
classified property tax
clawback
closing agreement
closing statement
CODA
complete audit
concessionally taxed
conduit IRA
conduit theory
consolidated tax return
constructive receipt
constructive sale rule (Section 1259)
consumer debt
consumer interest
contingent payment sale
conveyance tax
corporate bond
corporate tax
corporate taxable equivalent
cost basis
cost segregation
Coverdell Education Savings Account
credit
Cumulative Bulletin (CB)
de minimis tax rule
death tax
decedent (IRD) deduction
decedent deduction
declaration of estimated tax
deductible
deductible contribution
deduction
deferral of taxes
deferred account
deferred gain
deferred income taxes
deferred tax
deferred tax asset
deferred tax liability
deficiency
deflection of tax liability
delinquent return
Department of the Treasury
dependent
depreciation tax shield
Determination Letter
differential disclosure
direct deposit
direct rollover
direct tax
direct transfer
discrimination testing
disposable income
disqualifying income
dividend
dividend capture
dividend clientele
dividend tax credit
domicile
double exempt
double tax-exemption
double taxation
drawback
dual-status taxpayer
duty
early withdrawal penalty
earned income tax credit
earnings stripping
earnings withholding order
education credit
Education IRA
educator expenses deduction
effective income tax rate
effective tax rate
Electronic Federal Tax Payment System (EFTPS)
employee contribution
Employee Retirement Income Security Act of 1974
Employee Stock Ownership Plan
Energy Tax Incentives Act of 2005
enrolled agent
enterprise zone
equalization
equity swap
equivalent taxable yield
ERISA
ESA
escrow
ESOP
estate tax
estate tax bracket
estimated tax
evaluator
excess accumulation
excess contribution
excess distribution
excess profits tax
exchange fund
exchange privilege
excise tax
exclusion
exclusion ratio
exempt
exempt income
exemption
exemption amount
extension
extension of time for filing taxes
fair tax
Federal ID Number
Federal Tax Identification Number
Federal tax lien
Federal Unemployment Tax Act
Fibonacci retracement
field audit
filing
filing status
FIN
first-time homebuyer tax credit
fiscal
fiscal agent
Fiscal Cliff
fiscal policy
fixed and variable rate allowance (FAVR)
flat tax
flower bond
foreign earned income exclusion
foreign exchange tax
foreign housing exclusion
foreign housing exclusion and deduction
foreign investment funds tax (FIF Tax)
foreign tax credit
Form 1065
forward averaging
franchise tax
franked income
franking credit
future income tax
generation-skipping transfer
gift splitting
gift tax
Gordon Report
graduated flat tax
gross
gross earnings
gross estate
GUST restatement
head of household
Heroes Earned Retirement Opportunities Act (HERO)
hidden tax
hobby loss rule
holding period
home mortgage interest deduction
home office expense
Hope credit
housing bond
HUD-1 statement
identified shares
implicit tax
impose
imputation tax system
imputed interest
in escrow
incentive stock option
inclusion amount
income averaging
income basket
income exclusion rule
income spreading
income subject to tax
income tax
income tax lien
income tax payable
indirect tax
Individual Retirement Account
individual tax return
induced taxes
inheritance tax
inheritance tax return
innocent-spouse rule
installment agreement
interest deduction
Interest Equalization Tax (IET)
interest subsidy
intermediate service provider
internal audit
Internal Revenue Code

Internal Revenue Manual (IRM)
Internal Revenue Service
Internal Revenue Service Restructuring and Reform Act of 1998
interperiod income tax allocation
investment management
invisible deficit
IRA
IRA rollover
IRD number
IRS
itemized deduction
jeopardy assessment
Jobs and Growth Tax Relief Reconciliation Act of 2003
joint return
joint return test
joint tax return
Keogh Plan
Kiddie Tax
leaseback
levy
lifetime learning credit
like-kind exchange
Limited Liability Company
LLC
locked in
long-term gain or loss
Longtime Homebuyer Tax Credit
loophole
loss carryover
loss sale
Low-Income Housing Tax Credit (LIHTC)
lump-sum deduction
lump-sum tax
luxury tax
MACRS
mandatory e-file
manufactured payment
marginal rate
marginal tax rate
marital deduction
marriage penalty
married filing jointly
married filing separately
married taxpayer
Medicare tax
Mello-Roos
member of household test
mid-quarter convention
Military Family Tax Relief Act of 2003
mill
mill rate
millage rate
minimum distribution
miscellaneous tax credit
Modified ACRS
modified adjusted gross income (MAGI)
mortgage credit certificates (MCC)
mortgage interest deduction
mortgage interest expense
multiple support agreement
municipal investment trust
mutual exclusion doctrine
mutual improvement certificate
nanny tax
negative carry
negative gearing
negative income tax
net after tax gain
net operating loss carry backs
net operating loss deduction
nominee distribution
nominee interest
non dom
non-qualified retirement plan
non-qualified stock option
non-qualifying annuity
non-qualifying investment
non-resident alien tax
non-statutory stock option
noncash contribution
notice of deficiency
NRWT
NSO
offshore portfolio investment strategy (OPIS)
onshore company
ordering rules
ordinary and necessary expenses (O&NE)
ordinary income
ordinary loss
over-55 home sale exemption
overlapping debt
overwithholding
participation exemption
passive activity loss (PAL)
patronage dividend
penalty tax
personal exemption
personal income
phantom income
pick-up tax
possessions corporation
postponing income
pre-tax profit margin
pre-tax rate of return
premature distribution
presumptive taxation
pretax
principal residence exemptions
private letter ruling
progressive tax
property assessment
property inventory
property tax
proportional tax
proprietor
proprietorship
Provincial Parental Insurance Plan (PPIP)
provision for income taxes
public purpose bond
qualified
qualified disclaimer
qualified retirement plan
qualifying annuity
qualifying utility
qualifying widow/widower
qualifying widow/widower with dependent child
reachback
real income
real wages
refund
refund anticipation loan (RAL)
Registered Retirement Savings Plan (RRSP)
regressive tax
regulated investment company
Required Minimum Distribution
residential energy credit
retention tax
retirement savings contributions credit
return
return of capital
revenue enhancement
revenue neutral
Revenue Reconciliation Act of 1993
revenue ruling
right of redemption
RMD
rollover
Roth IRA
S Corporation
salary reduction
Salary Reduction Simplified Employee Pension Plan
sale and leaseback
sales tax
SARSEP
saver's tax credit
schedule
Schedule D-1
Schedule K-1
section 179 expense
self-employed
self-employed income
self-employed pension
self-employment tax
SEP Plan
separate tax returns
service tax
settlement sheet
short tax year
short-term gain or loss
SIMPLE 401(k) Plan
SIMPLE IRA
Simplified Employee Pension IRA
sin tax
single
Single-Premium Deferred Annuity
soak-up tax
Social Security Act
Social Security Tax
sole proprietor
sole proprietorship
SPDA
specified investment flow-through tax (SIFT)
spousal IRA
standard deduction
standard mileage rate
state income tax
state taxes
statutory stock option
step up in basis
stimulus package
stock purchase plan
stockholder books
stretch annuity
subchapter C
subchapter J
Subchapter M
Subchapter S Corporation
subpart F
super royalty provision
superseding return
Supplemental Young Child credit
surtax
tariff
tax
tax abatement
tax accounting
tax and loan account
tax attribute
tax audit
tax base
tax basis
tax bracket
tax burden
tax clientele
Tax Court
tax credit
tax credit award notice
tax cuts
tax deduction
tax deferral
tax deferral option
tax differential view of dividend policy
tax drag
tax equivalent yield
tax evasion
tax expense
tax form
tax free acquisition
tax haven
tax identification number
tax impound
tax incidence
tax increment financing
tax indexing
tax lien
tax loss carryback
tax loss carryforward
tax loss harvesting
tax lot
tax matters partner
tax planning
tax preference item
tax rate
tax rebate
Tax Reform Act of 1976
Tax Reform Act of 1984
Tax Reform Act of 1986
Tax Reform Act of 1993
tax refund
tax relief
tax return
tax roll
tax sale
tax schedule
tax selling
tax shelter
tax sheltered annuity
tax shield
tax sparing
tax status
tax straddle
tax swap
tax tables
tax umbrella
tax wedge
tax-advantaged
tax-deductible
tax-deferred
tax-deferred account
tax-deferred savings plan
tax-efficient
tax-exempt
tax-exempt commercial paper
tax-favored asset
tax-free bond
tax-free rollover
tax-managed mutual fund
tax-qualified
tax-timing option
taxable
taxable acquisition
taxable estate
taxable event
taxable gain
taxable income
taxable interest income
taxable municipal bond
taxable preferred security
taxable wage base
taxation
taxation principles
taxed
taxes
taxpayer bill of rights (TABOR)
Taxpayer Relief Act of 1997
Technical and Miscellaneous Revenue Act of 1998 (TAMRA)
tie-breaker rule
timely filing
trading profit
transfer tax
transfer-for-value rule
treasury investment program (TIP)
triple witching hour
trust-preferred security
U.S. Government Agency Security
U.S. Savings Bond Adjustment
UBTI
unaudited opinion
underpayment penalty
underwithholding
unearned income
unearned revenue
Unified Tax Credit
unqualified audit
unrelated business taxable income
Value Added Tax
variable prepaid forward contract
VAT
vertical equity
vesting
W-2 Form
W-2AS Form
W-2C Form
W-2G Form
W-2GU Form
W-2VI Form
W-4 Form
W-4P Form
W-4S Form
W-4V Form
W-9 Form
W-9S Form
wash sale rule
withholding
withholding allowance
withholding tax
Working Families Tax Relief Act of 2004
wraparound annuity
write-off
yield equivalence
zero capital gains rate
zero-bracket amount
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