In old English law. A small tax or allowance to the sheriff from each tithing of his county towards the .charge of keeping courts, etc. Cowell. … [Read more...] about TEDING-PENNY
T
TAX RETURN
The form which taxpayers must file with the IRS and other state tax agencies which provides details as to the taxable income of the taxpayer. … [Read more...] about TAX RETURN
TAX SHELTER
A method used by taxpayers where money is funneled so as to avoid or significantly reduce tax liability. … [Read more...] about TAX SHELTER
TAX YEAR
The 12 month period that is used to calculate the tax liability of a person or entity. … [Read more...] about TAX YEAR
TAX COURT
The federal court which adjudicates taxpayers appeals from IRS decisions and findings. The Tax Court hears cases on a trial basis where taxpayers don't pay amounts claimed by the IRS until the conclusion of the case. … [Read more...] about TAX COURT