Taxes

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  1. Form 1098

    February 15, 2009
    A form filed with the Internal Revenue Service (IRS) that details the amount of interest and mortgage-related expenses paid ...
  2. Vertical Equity

    February 15, 2009
    A method of collecting income tax in which the taxes paid increase with the amount of earned income. The driving principle ...
  3. Debt Fatigue

    February 15, 2009
    When a debtor stops making payments on his or her debts and starts spending again after being overwhelmed by the amount of ...
  4. Nevada Corporation

    February 15, 2009
    A business incorporated in the state of Nevada, which is known to be business-friendly through its tax and corporate law ...
  5. Section 988

    February 15, 2009
    A financial transaction involving a capital loss or gain on an investment held in a foreign currency. A Section 988 transaction ...
  6. Involuntary Conversion

    February 15, 2009
    A process where a taxpayer is involuntarily forced to dispose of property that has been stolen, condemned, destroyed or repossessed, ...
  7. Revenue Ruling

    February 15, 2009
    A decree issued by the IRS that essentially has the force of law. A revenue ruling outlines the IRS's interpretation of the ...
  8. Appeals Conference

    February 15, 2009
    A conference that a taxpayer can request with the Internal Revenue Service (IRS) during the audit process if the taxpayer ...
  9. Additional Collateral

    February 15, 2009
    Additional assets put up as collateral by a borrower against debt obligations. Additional collateral is used to lessen the ...
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