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Tax Glossary
What Is “Ethereum Tax”?
“Ethereum tax” refers to the application of U.S. federal and state tax laws to your transactions involving the cryptocurrency Ether...
Tax Glossary
What Is Estate Tax Exemption?
The estate tax exemption is a statutory threshold established by the federal government that allows a specific dollar amount of...
Tax Glossary
What Is “Estate Tax”?
The estate tax is a financial levy imposed by the federal government on the transfer of an individual’s property and...
Tax Glossary
What Is “Estate income tax return”?
An estate income tax return is a specific federal tax filing required for a deceased person’s estate when it generates...
Tax Glossary
What Is “Employer-Sponsored Coverage”?
Employer-sponsored coverage is a health insurance program provided by an employer to its workforce, often referred to as a group...
Tax Glossary
What Is “Employer Educational Assistance”?
Employer educational assistance is a tax-advantaged fringe benefit that allows an organization to pay for or reimburse its employees’ academic...
Tax Glossary
What Is an “Eligible Educational Institution”?
An eligible educational institution is any college, university, vocational school, or other postsecondary learning institution that has been officially approved...
Tax Glossary
What Is Effectively Connected Income (ECI)?
Effectively Connected Income (ECI) is income earned by a nonresident alien or a foreign business entity that is directly tied...
Tax Glossary
What Is an “Education Savings Account”?
An Education Savings Account (ESA), formally known as a Coverdell ESA and formerly called an Education IRA, is a tax-advantaged...
Tax Glossary
What Is an “Education Credit”?
An education credit is a U.S. federal tax benefit designed to directly reduce your income tax liability based on money...