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Tax Glossary
What Is “Form 2290”?
Form 2290 is the official IRS tax document used by commercial truck owners and operators to report and pay the...
Tax Glossary
What Is the “Firearms and Ammunition Excise Tax”?
The Firearms and Ammunition Excise Tax, permanently authorized under Section 4181 of the Internal Revenue Code, is a federal excise...
Tax Glossary
What Is “Federal excise tax”?
A federal excise tax is an indirect internal tax levied by the U.S. government on the manufacture, sale, or specific...
Tax Glossary
What Is the “Farm Fuel Tax Credit”?
The farm fuel tax credit is a federal tax benefit that allows farmers to recover the cost of federal excise...
Tax Glossary
What Is an “Excise tax”?
An excise tax is an indirect internal tax levied by federal, state, or local governments on the manufacture, sale, or...
Tax Glossary
What Is an “Environmental tax”?
An environmental tax is a specialized federal excise tax levied by the U.S. government on the production, importation, or consumption...
Tax Glossary
What Is the “Employer-provided childcare credit”?
The Employer-Provided Childcare Credit, permanently established under Section 45F of the Internal Revenue Code, is a federal general business credit...
Tax Glossary
What Is the “Employer Credit for Paid Family and Medical Leave”?
The Employer Credit for Paid Family and Medical Leave, governed by Section 45S of the Internal Revenue Code, is a...
Tax Glossary
What Is “Economic Substance Doctrine”?
The economic substance doctrine is a powerful legal rule used by the IRS and federal courts to evaluate whether a...
Tax Glossary
What Is a “District Court Tax Case”?
A District Court tax case is a formal federal lawsuit filed by a taxpayer against the United States government in...