IRS

501(c) Organizations
Understanding 501(c) Tax-Exempt Organizations: β€˜The Good Guys of Taxes’
83(b) Election
Understanding the 83(b) Election and its implications for taxation on restricted stock
90-Day Letter
An IRS notice indicating tax discrepancies, requiring prompt attention and response.
Accounting Method
Understanding the rules a company follows in reporting revenues and expenses.
Additional Child Tax Credit (ACTC)
The Additional Child Tax Credit is the refundable portion of the Child Tax Credit, benefiting families with children.
Amended Return
An amended return is a form filed to correct previous tax returns for a better financial outcome.
Backup Withholding
A tax mechanism that ensures the IRS gets its due when investors forget their taxpayer identification numbers.
Dependent
A Dependent is someone who relies on another person for financial support, often qualifying for tax benefits.
Electronic Filing (E-File)
The online shortcut to getting your tax returns done (and maybe a refund too!)
Employer Identification Number (EIN)
A unique nine-digit number assigned to a business entity for identification by the IRS.
Enrolled Agent (EA)
A tax professional authorized by the U.S. government to represent taxpayers before the IRS.
Exemption
An exemption reduces the amount of income subject to income tax and allows taxpayers to shield a portion of their income from taxation.
Federal Income Tax
An overview of federal income tax, its purpose, structure, and how it affects your wallet (and sanity).

Jokes And Stocks

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