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

T

Tax preparation software

Computer software designed to complete tax returns. The tax preparation software works with the IRS electronic filing system.

Source: Understanding Taxes - Glossary - irs.gov

Tax shift

The process that occurs when a tax that has been levied on one person or group is in fact paid by others.

Source: Understanding Taxes - Glossary - irs.gov

Telephone tax refund

Taxpayers are eligible to file for refunds of all excise tax they have paid on long-distance service billed to them after Feb. 28, 2003.

Source: Understanding Taxes - Glossary - irs.gov

Tip income

Money and goods received for services performed by food servers, baggage handlers, hairdressers, and others. Tips go beyond the stated amount of the bill and are given voluntarily.

Source: Understanding Taxes - Glossary - irs.gov

Transaction taxes

Taxes on economic transactions, such as the sale of goods and services.

Source: Understanding Taxes - Glossary - irs.gov

Transmit

To send a tax return to the IRS electronically. Tax returns prepared on paper can be sent through the mail.

Source: Understanding Taxes - Glossary - irs.gov

Transmitter

Sends the electronic return data directly to the IRS.

Source: Understanding Taxes - Glossary - irs.gov

Taxes

Required payments of money to governments that are used to provide public goods and services for the benefit of the community as a whole.

Source: Understanding Taxes - Glossary - irs.gov

Tax evasion

A failure to pay or a deliberate underpayment of taxes.

Source: Understanding Taxes - Glossary - irs.gov

Tax-exempt interest income

Interest income that is not subject to income tax. Tax-exempt interest income is earned from bonds issued by states, cities, or counties and the District of Columbia.

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...