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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...
Tax Glossary
What Is the “Disabled Access Credit”?
The Disabled Access Credit, governed by Section 44 of the Internal Revenue Code, is a federal tax incentive designed to...
Tax Glossary
What Is the “Credit for employer differential wage payments”?
The Credit for Employer Differential Wage Payments, permanently authorized under Section 45P of the Internal Revenue Code, is a federal...
Tax Glossary
What Is the “Court of Federal Claims”?
The United States Court of Federal Claims is a specialized federal court that handles monetary claims filed by citizens against...
Tax Glossary
What Is “Constructive Receipt Doctrine”?
The constructive receipt doctrine is a fundamental tax principle dictating that cash-basis taxpayers must report and pay income tax on...
Tax Glossary
What Is a “Clergy Housing Allowance”?
A clergy housing allowance, also known as a parsonage or rental allowance, is a specific tax benefit that allows ordained,...