Tag: relief
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...
Cafeteria Plan
DefinitionA cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code....
Cancellation Of Debt (COD)
What is Cancellation of Debt (COD)?
Cancellation of debt (COD) is the forgiveness of debt. This can occur when a lender agrees to cancel all...
Cancellation
What is 'Cancellation'
A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...
Head Of Household
DefinitionHead of Household is a filing status for individual United States taxpayers. Head Of Household What is 'Head Of Household' A status...
Paris Club
DefinitionThe Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment...
Qualified Retirement Plan
What is a qualified retirement plan
A qualified retirement plan is a type of retirement savings plan that offers certain tax advantages to encourage employees...
Qualified Charitable Organization
What is a Qualified Charitable Organization (QCO)?
A Qualified Charitable Organization (QCO) is a type of nonprofit organization that is exempt from paying federal income...
Qualified Eligible Participant (QEP)
What is 'Qualified Eligible Participant - QEP' An individual who meets requirements to trade in different investment funds, such as futures and...
Qualified Distribution
What is a 'Qualified Distribution' Distributions made from a Roth IRA that are tax and penalty free. In order to be a...