Business and Personal Finance Dictionary

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• TAX SAVINGS - The amount saved on taxes by itemizing deductions on income tax returns.
  
  
• TAX SCHEDULES - Forms published by the IRS for taxpayers with taxable income of more than $100,000 to u...
  
  
• TAX SELLING - Selling of securities to realize losses that will offset capital gains and reduce tax lia...
  
  
• TAX SHELTER - A phrase often used to describe some of the tax advantages of real estate or other invest...
  
  
• TAX SHELTERING - any legal means of postponing or reducing the amount of tax due.
  
  
• TAX SHIELD - A tax-deductible expense. The expense protects (shields) an equivalent dollar amount of re...
  
  
• TAX SOFTWARE - Computer software designed to assist taxpayers in filling out tax returns and minimizing...
  
  
• TAX STAMPS - A levy by a state or local government on the change of ownership of real estate.
  
  
• TAX STATUS ELECTION - The decision of the status under which to file a tax return. For example, a corpo...
  
  
• TAX STOP CLAUSE - see tax participation clause.