Before-tax income is quite simply the income a business or private individual makes prior to taxes being deducted. This may also be called pre-tax income or gross income. There are several reasons why understanding the before-tax income can be important. If you’re a shareholder in a company...
What's the English expression for "退税"? A. Tax return B. Tax refund C. Tax reduction D. Tax E. xemption 相关知识点: 试题来源: 解析 B。“退税”的正确表达是“tax refund”。“tax return”是纳税申报单;“tax reduction”是减税;“tax exemption”是免税。反馈 收藏 ...
In this sense, tax return is not a normative subsidy. With the deepening of reform and economic development, the status of tax rebate is gradually replaced by a more equitable and reasonable financial pfer payment.
What is an amended tax return?Question:What is an amended tax return?Settlement of Taxes:Governments are often very strict on collecting tax liabilities for a specific tax period from taxpayers. There are instances however, when the correction of erroneous payments or submission of tax returns are...
What is tax deferral and is it a good thing? The definition is very straightforward. Tax deferral is simply a legally acceptable way of putting off paying taxes. That’s the easy part. What makes tax deferral so darn powerful? You invest to get a return on your money – to make a pro...
Before a trust tax return is prepared, the trustee or fiduciary must determine the gross income for the trust. This is done in a manner similar to figuring individual income taxes. Many of the deductions and credits allowed on an individual’s return can also be used on a trust tax return...
What is adjusted gross income? Your adjusted gross income (AGI) is used to calculate your state taxes and qualify for loans. Calculating your AGI is easier than you might think, and the IRS offers a simple online tool. If you need to find your AGI to fil
A tax return is a form or forms filed with a tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes. In most countries, tax returns mu...
Tax ReturnsBankruptcy CasesTax LiabilitiesAccountantsLawyersProfessionalsCircuitsConclusionsMost accountants and lawyers would scoff if asked the simple question "What is a tax return?" Two...Whitehead Jr., R...
Understanding a Return Prudentinvestorsknow that a precise definition of return is situational and dependent on the financial data input to measure it. An omnibus term like “profit” could mean gross, operating, net, before tax, or after tax. An omnibus term like “investment” could mean sele...