Tag: taxpayers

kicker

Kicker

Most people are familiar with debt instruments such as bonds and notes. A relatively new addition to the debt landscape is the kicker, which...

Offer In Compromise

DefinitionThe Offer in Compromise program, in the United States, is an Internal Revenue Service program under which allows qualified individuals with an unpaid tax...

Ability-To-Pay Taxation

What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...

Above The Line Deduction

DefinitionIn the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his...

Abusive Tax Shelter

What is 'Abusive Tax Shelter' An investment scheme that claims to reduce income tax without changing the value of the user's income...

Ratable Accrual Method

What is 'Ratable Accrual Method' A method for determining when and how much income was earned over a period of time. The...

Charitable Contributions Deduction

Charitable contributions deduction is a tax incentive offered to individuals that donate sums to a recognized charity. The tax deduction allows taxpayers to reduce...

Qualified Production Activities Income (QPAI)

Qualified Production Activities Income (QPAI) What is 'Qualified Production Activities Income - QPAI' Income derived from domestic production that qualifies for...
Tax Base

Tax Base

What is a tax base and why is it important A tax base is the total value of all taxable property in a jurisdiction. This...

Dead Money

What is 'Dead Money' A slang term for money invested in a security with minor hopes of appreciation or earning a return....

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