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Tax Glossary
What Is “Useful Life”?
What Is Useful Life? Useful life is the estimated period over which a business asset is expected to be productive...
Tax Glossary
What Is “Treasury Interest”?
What Is Treasury Interest? Treasury interest is the money you earn from lending funds to the U.S. federal government through...
Tax Glossary
What Is “Trader Tax Status”?
What Is Trader Tax Status? Trader Tax Status (TTS) is a tax classification for individuals who trade securities so frequently...
Tax Glossary
What Is a “Tax-Exempt Bond”?
What Is a Tax-Exempt Bond? A tax-exempt bond is a debt security issued by a government body—such as a state,...
Tax Glossary
What Is “Strike Price”?
What Is a Strike Price? A strike price, also known as the exercise price, is a fixed dollar amount per...
Tax Glossary
What Is “Straight-line Depreciation”?
What Is Straight-line Depreciation? Straight-line depreciation is the simplest and most common method for spreading the cost of a business...
Tax Glossary
What Is a “Stock Option”?
What Is a Stock Option? A stock option is a contract that gives you the right to buy shares of...
Tax Glossary
What Is “Startup cost amortization”?
What Is Startup Cost Amortization? Startup cost amortization is the tax process of deducting the expenses you incurred while preparing...
Tax Glossary
What Is “Special depreciation allowance”?
What Is Special Depreciation Allowance? The special depreciation allowance, commonly known as bonus depreciation, is a tax incentive that allows...
Tax Glossary
What Is “Short-term rental”?
A short-term rental (STR) is a property—such as a house, condo, or even a spare room—that is rented out to...