Income Tax Preparation

CEL Financial Services - Income Tax Preparation - Mobile Tax Preparer - Serving Fillmore, CA

tax return glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

F

Form W-4, Employee's Withholding Allowance Certificate

Completed by the employee and used by the employer to determine the amount of income tax to withhold.

Source: Understanding Taxes - Glossary - irs.gov

Foster child

A foster child is any child placed with a taxpayer by an authorized placement agency or by court order. Eligible foster children may be claimed by taxpayers for tax benefits.

Source: Understanding Taxes - Glossary - irs.gov

Federal Insurance Contributions Act (FICA) Tax

Provides benefits for retired workers and their dependents as well as for disabled workers and their dependents. Also known as the Social Security tax.

Source: Understanding Taxes - Glossary - irs.gov

File a return

To mail or otherwise transmit to an IRS service center the taxpayer's information, in specified format, about income and tax liability.

Source: Understanding Taxes - Glossary - irs.gov

Filing status

Determines the rate at which income is taxed.

Source: Understanding Taxes - Glossary - irs.gov

Financial records

Spending and income records and items to keep for tax purposes, including paycheck stubs, statements of interest or dividends earned, and records of gifts, tips, and bonuses.

Source: Understanding Taxes - Glossary - irs.gov

Flat tax

This is another term for a proportional tax.

Source: Understanding Taxes - Glossary - irs.gov

Formal tax legislation process

This is another term for a proportional tax.

Source: Understanding Taxes - Glossary - irs.gov

Federal/State e-file

A program sponsored by the IRS in partnership with participating states that allows taxpayers to file federal and state income tax returns electronically at the same time.

Source: Understanding Taxes - Glossary - irs.gov

Federal income tax

The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt.

Source: Understanding Taxes - Glossary - irs.gov

Affordable Income Tax Preparation in Fillmore, CA

Christopher Lee, MPA ยท Registered CTEC Tax Preparer

Have your tax return done:

  • Professionally
  • Promptly
  • And in strict confidence
  • Individual & Small Business returns — Basic or involved
  • Back income tax returns that need filing or amending
  • IRS NOTICES — I can help with the proper response

A fast return brings:

  • Good news to a bad economy!

Tax Term of The Week

Software Developer - Develops software for the purposes of (1) formatting electronic tax return information according to IRS specifications, and/or (2) transmitting electronic tax return information... More...