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Tax Glossary
What Is “Charitable contribution by business”?
What Is a Charitable Contribution by Business? A charitable contribution by a business is a donation of cash, equipment, or...
Tax Glossary
What Is the “Cash method”?
What Is the Cash Method? The cash method is an accounting practice where you report income in the tax year...
Tax Glossary
What Is “Capitalization”?
What Is Capitalization? Capitalization is a tax and accounting process where a business records a purchase as a long-term asset...
Tax Glossary
What Is “Capital expense”?
What Is a Capital Expense? A capital expense (often called CapEx) is money spent by a business or landlord to...
Tax Glossary
What Is “CAP appeal”?
What Is a CAP Appeal? A CAP appeal is a request made through the IRS Collection Appeals Program that allows...
Tax Glossary
What Is “Calendar year taxpayer”?
What Is a Calendar Year Taxpayer? A calendar year taxpayer is an individual or business entity that reports income and...
Tax Glossary
What Is “ C corporation ”?
A C corporation (often just called a C corp) is a standard corporate business structure that the IRS taxes completely...
Tax Glossary
What Is “ Business structure ”?
A business structure is the legal framework that determines how your company is organized, operated, and taxed by the government....
Tax Glossary
What Is “Business expense”?
What Is a Business Expense? A business expense is a cost incurred in the course of operating a trade or...
Tax Glossary
What Is “ Business entity ”?
A business entity is a legal structure created to conduct business. The type of entity you choose determines how your...