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Tax Glossary
What Is “ Filing requirement ”?
What Is a Filing Requirement? A filing requirement is the legal obligation for a taxpayer to submit a federal income...
Tax Glossary
What Is “ Fellowship income ”?
Fellowship income is financial support granted to an individual, typically a graduate student, post-doctoral scholar, or researcher, to aid in...
Tax Glossary
What Is “ Extension to pay ”?
What Is an Extension to Pay? An extension to pay is a formal request granted by the IRS that allows...
Tax Glossary
What Is “ Extension to file ”?
An extension to file is a formal request made to the IRS (and often state tax agencies) for additional time...
Tax Glossary
What Is “ Excludable income ”?
Excludable income is money, property, or financial benefits you receive that the IRS allows you to legally leave out of...
Tax Glossary
What Is “ Excess Social Security Tax Credit ”?
What Is Excess Social Security Tax Credit? The Excess Social Security Tax Credit is a refundable tax credit that allows...
Tax Glossary
What Is “Estimated tax”?
What Is “Estimated tax”? Estimated tax is a method used to pay tax on income that isn’t subject to withholding,...
Tax Glossary
What Is “ Estimated tax payment ”?
What Is Estimated Tax Payment? An estimated tax payment is a quarterly payment made to the IRS (and often state...
Tax Glossary
What Is “Estate Income”?
Estate Income: A Simple Guide for Heirs and Executors Estate income is the money earned by the assets of a...
Tax Glossary
What Is “ Enrolled Agent ”?
What Is an Enrolled Agent? An Enrolled Agent (EA) is a federally authorized tax practitioner who has technical expertise in...