Tag: state
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...
Tax Efficiency
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...
Tax Deed
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...
Tax Code
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...
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...
Tax Anticipation Note (TAN)
What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate...
Tax Credit
DefinitionA tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total...
Tax Attribute
What is 'Tax Attribute' A type of loss or tax credit that must be reduced as a result of the exclusion of...
Tax Accounting
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...