Category: Taxing Definitions

Definitions — Curtailing the number


Voluntary truncation hardly sounds like an enjoyable pastime. But cutting off part of taxpayer identification numbers may be a way to reduce identity theft.

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Definitions — Statistics and Acronyms


So what’s new with the IRS?

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Definitions — Not so strictly confidential


You’ve probably heard the old joke about life’s two rules. The first one is to never give out all the information.

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Definitions — Paying the piper


Whether you believe the expression comes from the Pied Piper of legend or the old proverb, paying the piper does not always mean you get to call the tune.

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Definition — Fun with statistics


Keep calm, it’s only statistics, and according to author Rex Stout, there are only two kinds – the kind you make up and the kind you look up.

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Definition — By the numbers


IRS publication 55B, the IRS Data Book, is an annual overview of the operations of the IRS. Here are questions based on information in this year’s Data Book.

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Definitions — Status check


What’s the status of the IRS? It’s not that complicated.

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Definitions — The great depreciation

Section 179 depreciation, a tax provision that currently allows taxpayers to write-off up to $500,000 for 2016 ($510,000 for 2017), has been around long enough that you may think you’re very familiar with the rules. Here’s a quiz to check your knowledge.

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Definitions — Watching the IRS


Each December, the IRS gets a holiday gift from the National Taxpayer Advocate in the form of a presentation to congress that sums up what’s working – and what’s not.

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Decisions — No relation to pasta


When you think of unrelated business taxable income, thoughts of pasta may not come to mind.

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