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Tax Glossary
What Is “Residential Clean Energy Credit”?
What Is the Residential Clean Energy Credit? The Residential Clean Energy Credit is a federal tax incentive that allows homeowners...
Tax Glossary
What Is “Residency test”?
What Is the “Residency test”? The residency test is an IRS rule used to determine if a person lived with...
Tax Glossary
What Is “ Research Credit ”?
What Is Research Credit? The Research Credit, commonly known as the R&D (Research and Development) Tax Credit, is a federal...
Tax Glossary
What Is “Rental Income”?
Rental Income: A Simple Guide for U.S. Landlords and Investors Rental income is any payment you receive for the use...
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 “ 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 “ Record of account transcript ”?
What Is a Record of Account Transcript? A Record of account transcript is the most comprehensive summary document provided by...