Tag: filing
Tax Bracket
DefinitionTax brackets are the divisions at which tax rates change in a progressive tax system. Essentially, they are the cutoff values for taxable income...
Underpayment Penalty
What is an underpayment penalty
An underpayment penalty is a fee charged by the IRS for taxpayers who do not pay enough tax throughout the...
Bankruptcy
DefinitionBankruptcy is a legal status of a person or other entity that cannot repay debts to creditors. In most jurisdictions, bankruptcy is imposed by...
UCC-1 Statement
What is 'UCC-1 Statement' One of the standard mortgage documents listed in the Uniform Commercial Code. The UCC-1 Statement lists and describes...
Jobless Claims
DefinitionInitial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. The employment situation is extremely important for...
National Securities Markets Improvement Act (NSMIA)
What is 'National Securities Markets Improvement Act - NSMIA' Passed by the U.S. Congress in 1996, the NSMIA was an attempt to...
Joint Return
What is 'Joint Return' A U.S. income tax return filed on behalf of a married couple, resulting in a combined tax liability....
Earned Income Credit (EIC)
What is 'Earned Income Credit - EIC' A tax credit in the United States which benefits certain taxpayers who have low incomes...
S-8 Filing
What is 'S-8 Filing' A SEC filing required for companies wishing to issue equity to their employees. Explaining 'S-8 Filing'...
W-4 Form
What is the W-4 form and what is it used for
The W-4 form is a document that is used by employers to determine the...