All > Business > Finance > Personal Finance > Income Tax
Taxes on income, both earned (salaries, wages, tips, commissions) and unearned (interest, dividends). Income taxes can be levied on both individuals (personal income taxes) and businesses (business and corporate income taxes).
- Browse Related Terms: bonus, compulsory payroll tax, earned income, employee, flat tax, Form W-4, Employee's Withholding Allowance Certificate, formal tax legislation process, income taxes, independent contractor, salary, self-employment loss, self-employment profit, tip income, wages
All > Business > Finance > Personal Finance > Income Tax
Performs services for others. The recipients of the services do not control the means or methods the independent contractor uses to accomplish the work. The recipients do control the results of the work; they decide whether the work is acceptable. Independent contractors are self-employed.
- Browse Related Terms: bonus, compulsory payroll tax, earned income, employee, flat tax, Form W-4, Employee's Withholding Allowance Certificate, formal tax legislation process, income taxes, independent contractor, salary, self-employment loss, self-employment profit, tip income, wages
All > Business > Finance > Personal Finance > Income Tax
A tax that can be shifted to others, such as business property taxes.
- Browse Related Terms: direct tax, indirect tax, informal tax legislation process, Internal Revenue Service (IRS), mass tax, nullification, Revenue, sin tax, tax avoidance, voluntary compliance
All > Business > Finance > Personal Finance > Income Tax
A new or developing domestic industry whose costs of production are higher than those of established firms in the same industry in other countries.
- Browse Related Terms: federal income tax, infant industry, protective tariff, public goods and services, revenue tariff, tariff, tax code, Tax credit, tax cut, tax evasion
All > Business > Finance > Personal Finance > Income Tax
The simultaneous increase of consumer prices and decrease in the value of money and credit.
- Browse Related Terms: amount due, deficit, Direct Deposit, inflation, interest, interest income, nonrefundable credit, Refund, refundable credit, tax liability (or total tax bill), taxes, withholding ("pay-as-you-earn" taxation)
Also listed in:
- All > Business > Finance
- All > Business > Finance > Personal Finance
- All > Business > Finance > Personal Finance > Retirement
- All > Business > Real Estate
- All > Science > Astronomy > Astrophysics
All > Business > Finance > Personal Finance > Income Tax
Individuals and interest groups expressing and promoting their opinions about tax legislation.
- Browse Related Terms: direct tax, indirect tax, informal tax legislation process, Internal Revenue Service (IRS), mass tax, nullification, Revenue, sin tax, tax avoidance, voluntary compliance
All > Business > Finance > Personal Finance > Income Tax
The charge for the use of borrowed money.
- Browse Related Terms: amount due, deficit, Direct Deposit, inflation, interest, interest income, nonrefundable credit, Refund, refundable credit, tax liability (or total tax bill), taxes, withholding ("pay-as-you-earn" taxation)
Also listed in:
- All > Business > Banking
- All > Business > Finance
- All > Business > Finance > Personal Finance
- All > Business > Finance > Personal Finance > Consumer Credit
- All > Business > Finance > Personal Finance > Mortgage
- All > Business > Finance > Personal Finance > Retirement
- All > Business > Real Estate
- All > Healthcare > Health Insurance
All > Business > Finance > Personal Finance > Income Tax
The income a person receives from certain bank accounts or from lending money to someone else.
- Browse Related Terms: amount due, deficit, Direct Deposit, inflation, interest, interest income, nonrefundable credit, Refund, refundable credit, tax liability (or total tax bill), taxes, withholding ("pay-as-you-earn" taxation)
All > Business > Finance > Personal Finance > Income Tax
Assists in processing tax return information between the ERO (or the taxpayer, in the case of online filing) and the Transmitter.
- Browse Related Terms: Appeal, Authorized IRS e-file Provider, electronic filing (e-file), electronic preparation, Electronic Return Originator (ERO), Federal/State e-file, file a return, Intermediate Service Provider (ISP), IRS e-file, Personal Identification Number (PIN), Software Developer, tax preparation software, transmit, transmitter, Volunteer Income Tax Assistance (VITA)
All > Business > Finance > Personal Finance > Income Tax
The federal agency that collects income taxes in the United States.
- Browse Related Terms: direct tax, indirect tax, informal tax legislation process, Internal Revenue Service (IRS), mass tax, nullification, Revenue, sin tax, tax avoidance, voluntary compliance
Also listed in:
- All > Law > Common Legal Terms
All > Business > Finance > Personal Finance > Income Tax
Includes taxable and tax-exempt interest, dividends, capital gains net income, certain rent and royalty income, and net passive activity income.
Also listed in:
- All > Business > Finance > Investment
- All > Business > Finance > Personal Finance
- All > Healthcare > Health Insurance
All > Business > Finance > Personal Finance > Income Tax
Refers to the preparation and transmission of tax return information to the IRS using telephone lines or a computer with a modem or Internet access.
- Browse Related Terms: Appeal, Authorized IRS e-file Provider, electronic filing (e-file), electronic preparation, Electronic Return Originator (ERO), Federal/State e-file, file a return, Intermediate Service Provider (ISP), IRS e-file, Personal Identification Number (PIN), Software Developer, tax preparation software, transmit, transmitter, Volunteer Income Tax Assistance (VITA)