Search

Search results

Displaying 41 - 50

The IRS

Auditing Tax Returns The Appeals Process Internal Revenue Service Statistics The IRS Got Audited in 2013 and It Wasn't Pretty. The Internal Revenue Service (IRS), a bureau of the U.S.…

Adjusted Gross Income

Gross income consists of wages and salaries, unemployment compensation, tips and gratuities, interest, dividends, annuities, rents and royalties, up to 85% of Social Security benefits if the…

Personal Exemptions

Personal exemptions are available to the taxpayer for himself, his spouse, and his dependents. The 2014 amount is $3,950 for each individual. No exemption is allowed…

Credits

Taxpayers can reduce their income tax liability by claiming the benefit of certain tax credits. Each dollar of tax credit offsets a dollar of tax liability. The…

State Corporation Income and Franchise Taxes

Forty-five states impose a direct tax on corporations, measured at least partially by net income. Michigan, Nevada, South Dakota, Washington, and Wyoming are the exceptions, though Michigan…

poll tax

(Encyclopedia) poll tax, a capital tax levied equally on every adult in the community. Although no longer a significant source of revenue for any major country, the poll tax did provide large sums…