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What does the term tax mean?

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Anonymous

11y ago
Updated: 11/4/2022

Tax Shelter is any method you use to reduce your taxable income resulting in a reduction of tax collecting from state and federal governments. The methods vary depending on the tax laws.

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Elza Larkin

Lvl 10
2y ago

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What does the term Tax Shelter mean?

Tax Shelter is any method you use to reduce your taxable income resulting in a reduction of tax collecting from state and federal governments. The methods vary depending on the tax laws.


Can I offset short term losses with long term gains for tax purposes?

Yes, you can offset short-term capital losses with long-term capital gains for tax purposes. This can help reduce your overall tax liability.


What do you mean tax position management?

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What Does The Term Tax Refund And Tax Credit Mean?

Tax refunds return cash to small businesses after the latter has filed its taxes, while a tax credit grants business consent to avoid paying a tax. Tax refunds and tax credits are conditional, indicating only businesses that meet certain requirements (and most likely apply) can benefit from them.


What kind of tax is a pole tax?

I think you mean a "poll" tax. "Poll" is a term often used to refer to voting. A poll tax would be a tax you paid for the privilege of voting. Poll taxes were often used in US history to keep the poor and minorities from voting. They are now illegal in the United States.


What is the poverty line for 2008 tax return?

No such thing. The term is irrelevant to tax.


What term is as a tax on an import?

Import duty is technically defined as a tax on an import


Is long term care insurance deductible?

If you are referring to tax deductibility, yes, long-term care insurance is tax deductible. Age determines tax deductibiliby. Please refer to the related links below to check the limits of tax deduction for long-term care insurance:


What does the term non profit accounting mean?

The term "nonprofit accounting" refers to the financial record keeping of companies that qualify for tax exemptions such as Charities, Hospitals, Government Departments and Credit Unions.


What does the term PAYE mean to persons who work in the United Kingdom?

PAYE is pay as you earn. Tax and other stoppages are taken from your wages/salary before you receive your income in advance for the tax you are required to pay the government.


What is the difference between Income Tax and Provision of Income Tax?

Provision for income tax refers to the line item in the profit and loss statement. Income tax is a broad term and could mean current taxes (taxes actually payable to Government), Tax expenses/provision for tax- taxes reported in the P&L or deferred taxes (difference between current taxes and tax expense).