IRS Publication 17

AAA

DEFINITION of 'IRS Publication 17 '

A document published by the Internal Revenue Service that outlines the rules governing the filing of federal income tax returns. IRS Publication 17 identifies who must file a tax return, the tax forms to use when filling out the return, how many exemptions a taxpayer can take, when the return is due and how to file the return itself. The publication helps taxpayers identify their filing status, whether they can claim dependents, what type of deductions are available and what credits are available to reduce tax obligations.

INVESTOPEDIA EXPLAINS 'IRS Publication 17 '

The document covers a broad set of topics, most of which are explained in further detail in other IRS publications. It does not cover business taxes for the self-employed, as those are covered in Publication 334 (Tax Guide for Small Business), Publication 535 (Business Expenses) and Publication 587 (Business Use of Your Home).

RELATED TERMS
  1. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  2. Exemption

    A deduction allowed by law to reduce the amount of income that ...
  3. Audit

    1. An unbiased examination and evaluation of the financial statements ...
  4. Income Tax

    A tax that governments impose on financial income generated by ...
  5. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  6. Deduction

    Any item or expenditure subtracted from gross income to reduce ...
Related Articles
  1. 10 Steps To Tax Preparation
    Taxes

    10 Steps To Tax Preparation

  2. Traditional IRA Deductibility Limits ...
    Retirement

    Traditional IRA Deductibility Limits ...

  3. Tax Tips For The Individual Investor
    Retirement

    Tax Tips For The Individual Investor

  4. Next Season, File Taxes On Your Own
    Taxes

    Next Season, File Taxes On Your Own

comments powered by Disqus
Hot Definitions
  1. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  2. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  3. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  4. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  5. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  6. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
Trading Center