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Tax Glossary
What Is a “Tax Court Case”?
A Tax Court case is a formal legal proceeding in which a taxpayer sues the Commissioner of Internal Revenue in...
Tax Glossary
What Is “Substantial Authority”?
Substantial authority is a legal standard used by the IRS to determine whether a taxpayer has sufficient objective backing to...
Tax Glossary
What Is “Substance over form”?
Substance over form is a fundamental legal doctrine that allows the IRS and federal courts to evaluate a financial transaction...
Tax Glossary
What Is “Step Transaction Doctrine”?
The step transaction doctrine is a judicial rule that allows the IRS and federal courts to combine a series of...
Tax Glossary
What Is “Soil and Water Conservation Expense”?
A soil and water conservation expense is a tax-deductible cost incurred by farmers to protect, preserve, or improve their agricultural...
Tax Glossary
What Is the “Servicemembers Civil Relief Act”?
The Servicemembers Civil Relief Act (SCRA) is a powerful federal law designed to provide legal and financial protections to active-duty...
Tax Glossary
What Is “Self-employment tax for clergy”?
Self-employment tax for clergy refers to the Social Security and Medicare taxes that ordained, licensed, or commissioned ministers must pay...
Tax Glossary
What Is the “Energy Efficient Commercial Buildings Deduction”?
The Energy Efficient Commercial Buildings Deduction, permanently established under Section 179D of the Internal Revenue Code, is a federal tax...
Tax Glossary
What Is a “Revenue Ruling”?
A Revenue Ruling is an official, public interpretation issued by the IRS that explains how federal tax law applies to...
Tax Glossary
What Is a “Revenue Procedure”?
A Revenue Procedure is an official statement issued by the IRS that provides step-by-step instructions and procedural rules for complying...