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Tax Glossary
What Is the “Investment Credit”?
The investment credit, formally calculated under Section 46 of the Internal Revenue Code, is a federal tax incentive designed to...
Tax Glossary
What Is “Indoor Tanning Services Tax”?
The Indoor Tanning Services Tax, codified under Section 5000B of the Internal Revenue Code, is a federal excise tax levied...
Tax Glossary
What Is “Highway use tax”?
The Highway Use Tax, officially known by the IRS as the Heavy Highway Vehicle Use Tax (HVUT), is a federal...
Tax Glossary
What Is the “Heavy Highway Vehicle Use Tax”?
The Heavy Highway Vehicle Use Tax (HVUT) is a federal excise tax assessed annually on heavy commercial vehicles operating on...
Tax Glossary
What Is “Form 720”?
Form 720 is the official IRS tax document used by businesses to report and pay federal excise taxes on specific...
Tax Glossary
What Is “Form 6765”?
Form 6765 is the official IRS tax document used by businesses and self-employed individuals to calculate, document, and claim the...
Tax Glossary
What Is “Form 4361”?
Form 4361 is an official IRS document titled “Application for Exemption From Self-Employment Tax for Use by Ministers, Members of...
Tax Glossary
What Is “Form 3800”?
Form 3800 is the official IRS tax document used by businesses and self-employed individuals to calculate, consolidate, and claim the...
Tax Glossary
What Is “Form 2290”?
Form 2290 is the official IRS tax document used by commercial truck owners and operators to report and pay the...
Tax Glossary
What Is the “Firearms and Ammunition Excise Tax”?
The Firearms and Ammunition Excise Tax, permanently authorized under Section 4181 of the Internal Revenue Code, is a federal excise...