Tag: state

Definition A financial process is said to be tax efficient if it is taxed at a lower rate than an alternative financial process that achieves...

DefinitionTerm life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time,...

What is 'Takeover Artist' An investor or company whose primary goal is to identify companies that are attractive to buy and that...

What is a tax deed sale A tax deed sale is a public auction of property that has been foreclosed upon because the owner has...

DefinitionTax law is an area of legal study dealing with the constitutional, common-law, statutory, tax treaty, and regulatory rules that constitute the law applicable...

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...

DefinitionU.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of...

What is a tax cheat and why do they do it A tax cheat is someone who doesn't pay their taxes, or who pays less...

What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate...

DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...