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Tax Glossary
What Is “Relationship test”?
What Is “Relationship test”? The relationship test is an IRS rule used to determine if a person has the required...
Tax Glossary
What Is “ Refund status ”?
What Is Refund Status? What Is “ Refund status ”? Refund status is the real-time progress report of a taxpayer’s...
Tax Glossary
What Is “Refundable Credit”?
What Is “Refundable Credit”? A refundable credit is a type of tax credit that can reduce your tax liability to...
Tax Glossary
What Is “ Refund offset ”?
What Is a Refund Offset? A refund offset is a process where the government intercepts all or part of your...
Tax Glossary
What Is “ Record of account transcript ”?
What Is a Record of Account Transcript? A Record of account transcript is the most comprehensive summary document provided by...
Tax Glossary
What Is “ Recovery Rebate Credit ”?
What Is the Recovery Rebate Credit? The Recovery Rebate Credit is a special refundable tax credit that allows individuals to...
Tax Glossary
What Is “Quarterly estimated tax payment”?
What Is “Quarterly estimated tax payment”? A quarterly estimated tax payment is a seasonal tax payment sent to the IRS...
Tax Glossary
What Is “Qualifying surviving spouse”?
What Is “Qualifying surviving spouse”? The “Qualifying surviving spouse” filing status is a tax category designed for widows and widowers...
Tax Glossary
What Is “Qualifying relative”?
What Is “Qualifying relative”? A qualifying relative is a type of tax dependent who meets specific IRS tests for financial...
Tax Glossary
What Is “Qualifying child”?
What Is “Qualifying child”? A qualifying child is a specific type of tax dependent who meets IRS criteria based on...