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
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TAXA
L. Latin: A tax. Spelman. In old records. An allotted piece of work; a task. … [Read more...] about TAXA
TAX CREDIT
Ana mount which may be credited against what a taxpayer owes. … [Read more...] about TAX CREDIT
TAXABLE
Subject to taxation; liable to be assessed, along with others, for a share in a tax. Persons subject to taxation are sometimes called "taxables;" so property which may be assessed for taxation is said to be taxable. Applied to costs in an action, the word means proper to be taxed or charged up; legally chargeable or assessable. … [Read more...] about TAXABLE
TAX DEDUCTION
See deduction. … [Read more...] about TAX DEDUCTION