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TAX EXEMPT

a term that is applied to income that is not taxable. … [Read more...] about TAX EXEMPT

TAXABLE YEAR

The 12 month period used for the purpose of determining tax liability. … [Read more...] about TAXABLE YEAR

TAX EXEMPT INCOME

Specific income that is exempt from taxes, for example, Social Security benefits and some pensions. … [Read more...] about TAX EXEMPT INCOME

Latin: To rate or value. Calvin. To tax; to lay a tax or tribute. Spelman. In old English practice. To assess; to rate or estimate; to moderate or regulate an assessment or rate. … [Read more...] about TAXARE

TAX FRAUD

by Law Professor

Willful acts done to commit tax evasion, such as keeping a secret set of books. … [Read more...] about TAX FRAUD

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