Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to establish an equitable arrangement between the parties.
For tax returns, an IRS-...
taxation
Adoption Taxpayer Identification Number (ATIN)
An Adoption Taxpayer Identification Number (ATIN) is a unique nine-digit number issued by the Internal Revenue Service (IRS) as a temporary taxpayer identification number for a child in a domestic or foreign adoption process. Taxpayers must...
AGI
AGI is an acronym for adjusted gross income.
Adjusted Gross Income (AGI) is defined as the gross income earned by an individual minus several adjustments made to that income, such as trade and business deductions. Gross...
alcohol
Alcohol is a set of chemical compounds consumed as a liquid by individuals for its intoxicating effect or used in industrial projects for its other unique properties.
Absent any specific regulation, alcohol is treated like...
alternative minimum tax (AMT)
Alternative minimum tax (AMT) can be defined as a tax mechanism that calculates taxable income after certain deductions and tax preferences are made. The AMT is imposed in addition to the regular income tax for certain individuals, estates...
amended tax return
An amended tax return is a form filed by an individual or entity to correct errors that were made in a filed tax return. Examples of mistakes that may need to be corrected can include misreporting earnings and tax credits, the number of...
American Clean Energy and Security Act of 2009
The American Clean Energy and Security Act of 2009 (ACES)(also referred to as the Waxman-Markey bill) primarily sought to promote a clean energy economy, reduce greenhouse emissions, and create energy independence. The ACES would have created...
American Indian law
American Indian Law: An Overview
In U.S. law the term "Indians" refers generally to the indigenous peoples of the North American continent at the time of European colonization. "Alaska Natives" and "Native Hawaiians" refer to peoples who are...
amortization
Amortization has different meanings for loan payments and taxes. Amortization for loans refers to separating the payments for the loan principal and interest into periodic payments to where the loan is paid off at a specified time....
AMT
AMT is the acronym for Alternative Minimum Tax. AMT’s refer to a tax mechanism that calculates taxable income after certain deductions and tax preferences are made. The AMT ensures that high-income individuals and entities pay a certain...