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

I

Indirect tax

A tax that can be shifted to others, such as business property taxes.

Source: Understanding Taxes - Glossary - irs.gov

Infant industry

A new or developing domestic industry whose costs of production are higher than those of established firms in the same industry in other countries.

Source: Understanding Taxes - Glossary - irs.gov

Inflation

The simultaneous increase of consumer prices and decrease in the value of money and credit.

Source: Understanding Taxes - Glossary - irs.gov

Informal tax legislation process

Individuals and interest groups expressing and promoting their opinions about tax legislation.

Source: Understanding Taxes - Glossary - irs.gov

Interest

The charge for the use of borrowed money.

Source: Understanding Taxes - Glossary - irs.gov

Interest income

The income a person receives from certain bank accounts or from lending money to someone else.

Source: Understanding Taxes - Glossary - irs.gov

Intermediate Service Provider

Assists in processing tax return information between the ERO (or the taxpayer, in the case of online filing) and the Transmitter.

Source: Understanding Taxes - Glossary - irs.gov

Internal Revenue Service (IRS)

The federal agency that collects income taxes in the United States.

Source: Understanding Taxes - Glossary - irs.gov

Investment income

Includes taxable and tax-exempt interest, dividends, capital gains net income, certain rent and royalty income, and net passive activity income.

Source: Understanding Taxes - Glossary - irs.gov

IRS e-file

Refers to the preparation and transmission of tax return information to the IRS using telephone lines or a computer with a modem or Internet access.

Source: Understanding Taxes - Glossary - irs.gov

Affordable Income Tax Preparation in Fillmore, CA

Christopher Lee, MPA · 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...