Glossary
Welcome to our Tax Relief Glossary, your go-to resource for understanding key terms and concepts related to tax relief. Whether you’re navigating IRS policies, exploring tax resolution options, or simply looking to expand your knowledge, this page is designed to clarify the most important terms in tax relief.
- 401k Contributions
- 1040 Form
- 1099 Form
- Accelerated Depreciation
- Adjusted Gross Income (AGI)
- Adoption Credit
- Alternative Minimum Tax (AMT)
- America’s FAST ACT
- Audit
- Back Taxes
- Backup Withholding
- Bank Levy
- Capital Gains
- Capital Loss
- Carryover
- Child and Dependent Care Credit
- Child Tax Credit (CTC)
- Corporate Tax
- Cost Basis
- Credit
- Deduction
- Dependent
- Depreciation
- Direct Deposit
- Doubt as to collectibility
- Doubt as to Liability
- Earned Income
- Education Credits
- Electronic Filing
- Employer Identification Number (EIN)
- Innocent Spouse
- Installment agreement
- Liability assessment
- Liens
- Notice CP508
- Offer In Compromise
- Payroll Tax
- Penalty-Abatement
- Right to a Fair and Just Tax System
- Right to Appeal an IRS Decision Independently
- Right to Be Informed
- Right to Challenge the IRS and Be Heard
- Right to Confidentiality
- Right to Finality
- Right to Pay No More than the Correct Amount of Tax
- Right to Privacy
- Right to Quality Service
- Right to Retain Representation
- Sales Tax
- Seize
- What is Tax Relief - Extensive look with Priority Tax