Excise Tax is a tax on a specific item, belonging to a special class of items. The classes of items are frequently specialty or luxury items, such as tobacco, fuel, and alcohol. Such taxes may be imposed on the manufacturer, retailer, or...
tax
exemption trust
Exemption trusts (also called a bypass trust, AB trust, or a credit shelter trust) are a tool used by well-off married individuals to legally maximize their estate tax exemptions.
The strategy involves creating a trust or...
federal gift tax
The federal gift tax is a tax levied by the federal government on a donor who transfers property to a donee without the donee giving consideration in return. The gifted property must be in an amount above the limit set by the federal...
federal tax law
Federal tax law refers to every statute, regulation, court decision, and other legal authority relating to the imposition of any tax by the federal government of the United States.
Other authorities include decisions and...
Federal Unemployment Tax Act (FUTA)
Federal Unemployment Tax Act (FUTA) was the bill passed in 1939 that established a payroll tax to fund unemployment benefits. The tax is 6% of the first $7,000 that each employee makes in a year, and the employer is responsible for all of the...
foundation
Evidence
The basis for admitting testimony or evidence into evidence. For example, an attorney must lay a foundation in order to admit an expert witness testimony or a company's business records into evidence. Laying a foundation establishes...
franchise tax
The franchise tax is a kind of tax that is imposed by state law on businesses or corporations chartered within that state. The states charge this tax for the right of the business or corporation to exist as a legal entity and to do business...
goods and chattels
Goods and chattels generally refer to property that is not real estate, but the extent of the terms' coverage of property is highly challenged and jurisdiction specific. In common law, the term broadly included any moveable property or...
gross income
Gross income refers broadly to any income an individual or company receives except that which is excluded by the internal revenue code (IRC) such as gifts and child support.
For individuals, gross income refers to the broad...
head of household
Head of household refers to the primary person who provides for a family. The head of household provides practical support and maintenance to persons related to them by adoption, blood, or marriage who reside together; and such obligation is...