Tax Terms & Definitions

Select a tax term below:

Abatement of Penalties Account Executive Amended Tax Return Appeal Back Taxes Bankruptcy Bankruptcy (Chapter 7) Bankruptcy (Chapter 11) Bankruptcy (Chapter 13) Basis Burden of Proof Centralized Authorization File (CAF) Collection Division Collection Information Statement (CIS) Collection Statute of Limitation Community Property Compliance Currently Non-Collectible Deductions Default Discharge of Federal Lien Earned Income Tax Credit Enrolled Agent Equitable Relief Estimated Tax (ES) Payments Federal Insurance Contributions Act (FICA) Federal Tax Deposit (FTD) Federal Unemployment Tax Act (FUTA) Garnishment
IRS Form 940 - Annual Unemployment Tax Return IRS Form 941 - Quarterly Tax Return/ Payments IRS Form 1040 - Individual Income Tax Return IRS Form 1065 - Return for Business Partnership Income IRS Form 1120 - Corporation Income Tax Return IRS Form W-2 IRS Form W-4 (Employee's Withholding Allowance Certificate) Innocent Spouse Installment Agreement (IA) Itemized Deductions

Levy Licensed Taxpayer Representative Lien Lien Discharge Lien Release Lien Subordination Master File Module Monthly Disposable Income Notice of Federal Tax Lien Notice of Levy Offer In Compromise Power of Attorney Qualified Domestic Relations Order Reasonable Collection Potential RCP Equation Recovery Period Refund Refund Statute Expiration Date Schedule C - Profit and Loss from Business Schedule K-1 - Partner's Share of Income, Credit, Deductions Self Employment Tax Status 53 Statute of Limitation Subordination of Federal Tax Lien Substitute for Return Tax Debt Tax Exempt Tax Exemptions Tax Help Tax Laws Tax Liability Tax Problem Tax Return Taxes