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

P

Protective tariff

A tax levied on imported goods with the purpose of reducing domestic consumption of foreign-produced goods.

Source: Understanding Taxes - Glossary - irs.gov

Public goods and services

Benefits that cannot be withheld from those who don't pay for them, and benefits that may be "consumed" by one person without reducing the amount of the product available for others.

Source: Understanding Taxes - Glossary - irs.gov

Payroll taxes

Include Social Security and Medicare taxes.

Source: Understanding Taxes - Glossary - irs.gov

Personal exemption

Can be claimed for the taxpayer and spouse. Each personal exemption reduces the income subject to tax by the exemption amount.

Source: Understanding Taxes - Glossary - irs.gov

Personal Identification Number (PIN)

Allow taxpayers to "sign" their tax returns electronically. The PIN, a five-digit self-selected number, ensures that electronically submitted tax returns are authentic.

Source: Understanding Taxes - Glossary - irs.gov

Progressive tax

A tax that takes a larger percentage of income from high-income groups than from low-income groups.

Source: Understanding Taxes - Glossary - irs.gov

Property taxes

Taxes on property, especially real estate, but also can be on boats, automobiles (often paid along with license fees), recreational vehicles, and business inventories.

Source: Understanding Taxes - Glossary - irs.gov

Proportional tax

A tax that takes the same percentage of income from all income groups.

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...