Tag: state
Tax Evasion
DefinitionTax evasion is the illegal evasion of taxes by individuals, corporations, and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of...
Tangible Personal Property
What is 'Tangible Personal Property' Tangible personal property is a tax term describing personal property that can be physically relocated, such as...
Tax Court
What is 'Tax Court' A specialized court of law that hears and adjudicates tax-related disputes and issues. The tax court in the...
Tax Exempt
What is tax exempt status
Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be...
Tax Drag
What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...
Tax Expense
DefinitionA company's tax expense, or tax charge, is the income before tax multiplied by the appropriate tax rate. Generally, companies report income before tax...
Tap Issue
What is a 'Tap Issue' A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments...
Taking The Street
What is 'Taking The Street' A slang phrase referring to the hedge fund tactic of buying large amounts of a particular stock...
Tax Anticipation Bill (TAB)
What is a TAB and what are its benefits
A Tax Anticipation Bill, or TAB, is a type of loan that allows taxpayers to borrow...
Tax Benefit
What is a 'Tax Benefit' A tax benefit is an allowable deduction on a tax return intended to reduce a taxpayer's burden...