Library
Definitions, terms, forms, and other helpful resources.
a
- Accelerated Death Benefits
- Accelerated Depreciation
- Accounts Payable
- Accounts Receivable
- Accounts Receivable Turnover
- Accrued Interest
- Active NFFE
- Ad Valorem Tax
- Additional Paid In Capital (APIC)
- Adjusted Gross Income (AGI)
- Allowance for Doubtful Accounts
- Alternative Depreciation System (ADS)
- Alternative Minimum Tax (AMT)
- Amended Tax Return
- Annual Percentage Rate (APR)
- Annual Percentage Yield (APY)
- Annual Report
- Anti-Money Laundering (AML)
- Applicable Federal Rates (AFR)
- Articles of Organization
- Asset Turnover Ratio
- Assets Under Management (AUM)
- Audit Opinion
b
- B-1 Visa
- B-2 Visa
- Backup Withholding
- Balance Sheet
- Balance Transfer
- Bankruptcy
- Base Erosion and Anti-Abuse Tax (BEAT)
- Bear Market
- Beneficial Ownership Information Report (BOIR)
- Blocker Corporation
- Board of Directors
- Bonus Depreciation
- Bull Market
c
- CAD (Canadian Dollar)
- CAF Number
- Call Option
- Cap Rate
- Capital Contributions
- Capital Gains
- Capital Losses
- Cash Equivalents
- Certificate of Formation
- Certificate of Good Standing
- Certificate of Incorporation
- Certified Public Accountant (CPA)
- Charitable Contributions
- Charitable Remainder Annuity Trust (CRAT)
- Charitable Remainder Trust (CRT)
- Charitable Remainder Unitrust (CRUT)
- Chief Accounting Officer (CAO)
- Chief Compliance Officer (CCO)
- Chief Executive Officer (CEO)
- Chief Financial Officer (CFO)
- Chief Operating Officer (COO)
- Child Tax Credit (CTC)
- Commercial Paper
- Common Stock
- Commutation Clause
- Conservation Easement
- Contribution Margin
- Corporate Charter
- Corporation
- Cost of Goods Sold (COGS)
- CP 575 (EIN Confirmation Letter)
- Crummey Powers
- Current Assets
- Current Liabilities
- CUSIP Number
d
- Days of Sales Outstanding
- Debt-to-Equity Ratio
- Declining Balance Method
- Deferred Revenue
- Depreciation
- Diluted Earnings Per Share (Diluted EPS)
- Direct Reporting NFFE
- Disregarded Entity
e
- Earned Income Credit (EIC)
- Earnings and Profits (E&P)
- Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)
- Earnings Before Interest & Taxes (EBIT)
- Earnings per Share (EPS)
- Effectively Connected Income (ECI)
- Electronic Federal Tax Payment System (EFTPS)
- Employer Identification Number (EIN)
- Ex-Dividend
f
- Facultative Reinsurance
- Federal Deposit Insurance Corporation (FDIC)
- Federal Excise Tax (FET)
- Federal Insurance Contributions Act (FICA)
- Federal Unemployment Taxes (FUTA)
- Feeder Fund
- Financial Crimes Enforcement Network (FinCEN)
- First In, First Out (FIFO)
- Fixed Asset Turnover
- FOB Destination
- FOB Shipping Point
- Foreign Account Tax Compliance Act (FATCA)
- Foreign Financial Institution (FFI)
- Foreign Tax Credit (FTC)
- Form 114 (Report of Foreign Bank Accounts)
- Form 709 (US Gift & GST Tax Return)
- Form 941 (Employer Quarterly Federal Tax Return)
- Form 990-PF (Return of Private Foundation)
- Form 990-T (Exempt Organization Business Income Tax Return)
- Form 1040-NR (US Nonresident Alien Income Tax Return)
- Form 1040 (US Individual Income Tax Return)
- Form 1040-X (Amended US Individual Income Tax Return)
- Form 1041 (US Income Tax Return for Estates & Trusts)
- Form 1065 (US Return of Partnership Income)
- Form 1120-F (US Income Tax Return of Foreign Corporation)
- Form 1120-H (US Income Tax Return for Homeowners Associations)
- Form 1120-S (US Income Tax Return for an S Corporation)
- Form 1120 (US Corporation Income Tax Return)
- Form 1120-X (Amended US Corporation Income Tax Return)
- Form 2553 (Election by Small Business Corporation)
- Form 3520 (Annual Return for Foreign Trusts and Foreign Gifts)
- Form 5227 (Split Interest Trust)
- Form 8825 (Rental Real Estate Income)
- Form 8832 (Entity Classification Election)
- Form SS-4 (Application for EIN)
- Form W-2 (Wage and Tax Statement)
- Form W-4 (Employee Withholding Certificate)
- Form W-7 (Application for ITIN)
- Form W-8BEN (Certificate of Foreign Status for Individuals)
- Form W-8BEN-E (Certificate of Foreign Status for Entities)
- Form W-9 (Request for Taxpayer Identification Number and Certification)
- Form W-10 (Dependent Care Provider Identification)
g
- Gearing Ratio
- General Depreciation System (GDS)
- General Partnership
- Generally Accepted Accounting Principles (GAAP)
- Generation-Skipping Transfer (GST) Tax
- Global Intangible Low-Taxed Income (GILTI)
- Global Intermediary Identification Number (GIIN)
- Grantor Charitable Lead Trust
- Grantor Retained Annuity Trust (GRAT)
- Grantor Trust
- Green Card
- Gross Profit Margin
- Guaranteed Payments
h
- Hard Market
- Head of Household (HOH)
- Health Savings Account (HSA)
- Hedge Fund
- High-Net-Worth Individual (HNWI)
- High-Water Mark
- HMRC (HM Revenue & Customs)
- Hobby Loss Rules
- Homeowners Association (HOA)
- Homestead Exemption
- Household Employee
- Hurdle Rate
i
- I-9 (Employment Eligibility Verification)
- Income Statement
- Independent Contractor
- Initial Public Offering (IPO)
- Interest Coverage Ratio
- Interest Expense
- Interest Rate
- Internal Revenue Code (IRC)
- Internal Revenue Service (IRS)
- International Financial Reporting Standards (IFRS)
- Intuit ProSeries Tax
- Inventory Turnover
- Investment Advisors Act of 1940
- Investment Company Act of 1940
- Irrevocable Trust
- IRS Practice Units
- Itemized Deductions
j
- JOD (Jordanian Dinar)
- Joint Tenants with Rights of Survivorship
- Joint Venture (JV)
- JPY (Japanese Yen)
- Junk Bond
- Juris Doctor (JD)
k
- Kenney Rule
- Keogh Plan
- Key Ratio
- Kiddie Tax
- Know-Your-Client (KYC)
- KYD (Cayman Islands Dollar)
l
- L Visa
- Last In, First Out (LIFO)
- Legal Entity Identifier (LEI) Number
- Letter of Intent (LOI)
- Leveraged Buyout (LBO)
- Life Insurance Trust
- Lifetime Learning Credit
- Limited Company (Ltd)
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
- Limited Partner
- Limited Partnership Agreement (LPA)
- Limited Partnership (LP)
- Listed Property
- Lloyds of London
- Loan to Value Ratio (LTV)
m
- Marketable Securities
- Married Filing Joint (MFJ)
- Married Filing Separately (MFS)
- Master-Feeder Fund
- Medicare Part A
- Medicare Part B
- Medicare Part C
- Medicare Part D
- Model 1 IGA
- Model 2 IGA
- Modified Accelerated Cost Recovery System (MACRS)
- Municipal Bond
n
- NASDAQ
- National Association of Insurance Commissioners (NAIC)
- Net Asset Value (NAV)
- Net Income
- Net Investment Income Tax (NIIT)
- Net Operating Loss (NOL)
- New York Stock Exchange (NYSE)
- Non-Ad Valorem Tax
- Nonrecourse Debts
- Nonsufficient Funds (NSF)
o
- Offer in Compromise (OIC)
- Operating Profit Margin
- Opportunity Zone
- Original Issue Discount (OID)
- Other Comprehensive income (OCI)
- Out-of-the-Money
p
- Par Value
- Participating FFI
- Partnership
- Passive Foreign Investment Company (PFIC)
- Passive NFFE
- Payables Turnover Ratio
- Payment Terms 1/10 Net 30
- Payment Terms 2/10 Net 30
- Ponzi Scheme
- Portfolio Income
- Preferred Stock
- Price-to-Book (P/B) Ratio
- Private Activity Bond
- Private NonOperating Foundation
- Professional Limited Liability Company (PLLC)
- Property, Plant & Equipment (PPE)
- Publicly Traded Entity
- Publicly Traded Partnership (PTP)
q
- Qualified Business Income (QBI)
- Qualified Dividends
- Qualified Dividends and Capital Gains Tax Worksheet (QDCGTW)
- Qualified Electing Fund (QEF)
- Qualified Nonrecourse Financing
- Qualifying Child
- Qualifying Surviving Spouse (QSS)
- Quick Ratio
- Quitclaim Deed
r
- Real Estate Investment Trust (REIT)
- Recourse Debts
- Registered Agent
- Regulated Investment Company (RIC)
- Reinsurance
- Restricted Stock
- Retained Earnings
- Return on Assets (ROA)
- Return on Equity (ROE)
- Return on Investment (ROI)
- Revocable Trust
- Revolving Line of Credit
- Royalty Income
s
- S Corporation
- Schedule 1 (Additional Income & Adjustments)
- Schedule 2 (Additional Taxes)
- Schedule 3 (Additional Credits & Payments)
- Schedule 8812 (Credits for Qualifying Children)
- Schedule A (Itemized Deductions)
- Schedule B (Interest & Dividends)
- Schedule C (Profit or Loss From Business)
- Schedule D (Capital Gains & Losses)
- Schedule E (Supplemental Income & Loss)
- Schedule EIC (Earned Income Credit)
- Schedule H (Form 1040) Household Employee
- Schedule K-1 (Form 1041)
- Schedule K-1 (Form 1065)
- Schedule K-1 (Form 1120S)
- Schedule SE (Self-Employment Tax)
- Section 179 Deduction
- Section 501(C)(3)
- Section 501(C)(4)
- Section 953(d) Election
- Shares Authorized
- Shares Outstanding
- Social Security Number (SSN)
- Soft Market
- Sole Proprietorship
- Specified Service Trade or Business (SSTB)
- Stablecoin
- Standard Deduction
- State Unemployment Taxes (SUTA)
- Statement of Cash Flows
- Straight-Line Depreciation
- Subprime Mortgage
- Sum of the Years Digits Method
- Superseded Tax Return
t
- Tax Credit
- Tax Cuts and Jobs Act (TCJA)
- Tax Information Exchange Agreement (TIEA)
- Taxpayer Identification Number (TIN)
- TaxSlayer
- Title Insurance
- Trader Tax Status (TTS)
- Treasury Bill
- Treasury Bond
- Treasury Note
- Treasury Regulations
- Treasury Stock
- Trust Fund Recovery Penalty
- Trust Protector
- Trustee
- Type A Reorganization
- Type B Reorganization
- Type C Reorganization
- Type D Reorganization
- Type E Reorganization
- Type F Reorganization
- Type G Reorganization
u
- Unadjusted Basis Immediately After Acquisition (UBIA)
- Unappropriated Retained Earnings
- Uncertain Tax Positions (UTP)
- Uniform Limited Liability Company Act
- Uniform Trust Code (UTC)
- Units of Production Method
- Unrecaptured Section 1250 Gains
- Unrelated Business Taxable Income (UBTI)
- Unrestricted Assets
- USD (United States Dollar)
v
- Valuation Discount
- Value Added Tax (VAT)
- Variable Rate Mortgage
- Volcker Rule
w
- Warrant
- Warranty Deed
- Wash Sale
- Whistleblower Policy
- Working Capital
- Working Capital Turnover
x
- XDC Network
- Xenocurrency
- XML (Extensible Markup Language)
y
- Year to Date (YTD)
- Yield Curve
- Yield Spread
- Yield to Maturity (YTM)
z
- Zero-Coupon Bond
- Zero-Coupon Mortgage
- Zero Inclusion Ratio
- Zoning Ordinance