Category: Tax Law
-
State Sales Tax
State Sales Tax in the United States In general, the long-term trend has been in the last decades is a narrowing path relative to state personal income. For example, takingi in account the average sales-taxing state, the tax base equaled 51.4% of the state’s personal income in 1979, and […]
-
Tax Extension
Tax Extension in the United States See also the Extension Tax definition in the Law Dictionary. Tax Extension in the United States: 2011, 2012, 2013 and Beyond File Tax Extension Online How to file an Extension for Taxes IRS Extension Tax Form IRS e-File Extension Extension Tax […]
-
Trade or Business
Trade or Business term in the United States Trade or Business in Tax Law The term “trade or business” is an internal revenue service (IRS) term of art. At 26 U.S.C. § 7701(a)(26). It is defined as “includes the performance of the functions of a public office.” Rules of construction […]
-
Massachusetts Taxes
California Tax in the United States For more information about taxes in Massachusetts, click here. Massachusetts Tax Popular Keywords Massachusetts Tax Forms Massachusetts Tax Rate Massachusetts Taxes Online Massachusetts Taxes Calculator Other Massachusetts Tax Keywords […]
-
California Tax
California Tax in the United States For more information about taxes in California, click here. California Tax Popular Keywords tax california sales tax california tax california calculator tax california 2014 tax back california california tax rate tax in california […]
-
Withholding Tax
Withholding Tax in the United States Withholding Tax Definition Withholding tax may be defined as the amount of tax retained by one person when making payments to another person in respect of goods supplied or services rendered. It is not a tax but a means of collecting taxes, specially in […]
-
Customs Court
Customs Court in United States Practical Information Note: Some of this information was last updated in 1982A tribunal delegated to hear appeals in connection with the tolls and levies upon merchandise, exported or imported, that have been imposed by the customs appraisers and are payable by […]
-
Marital Deduction
Marital Deduction in United States Practical Information Note: Some of this information was last updated in 1982 Marital Deductions under the Tax Reform Act of 1976 Under the Tax Reform Act of 1976, the marital deduction allocable to a decedent’s estate was applicable to property belonging to […]
-
Income (Tax Law)
Income in the United States Tax Law Debate According to the Liability Memorandum: Meaning of the word “income” causes confusion but the Supreme Court has more or less reduced the legal meaning of the troublesome term to “gain”. If there is no gain, there is no income at least so far as […]
-
Graduated Taxes
Graduated Taxes in United States Practical Information Note: Some of this information was last updated in 1982 Progressive or Graduated Taxes Taxes for which the rate increases as the income, or some other taxable base, increases. Graduated tax rates are found in taxes on individual incomes, […]
-
Depletion
Depletion in United States Practical Information Note: Some of this information was last updated in 1982An exhaustion or gradual reduction of an asset. Depletion in the federal income tax law applies to the exhaustion of assets such as oil, gas, timber, mineral deposits, and other nature […]
-
Carry-Back And Carry-Over
Carry-Back And Carry-Over in United States Practical Information Note: Some of this information was last updated in 1982A tax law provision that allows an individual or corporation (in U.S. law) to use an operating or capital loss (see capital (in U.S. law) Gain and Loss) in one year to reduce […]