Taxes 1
The standard IRS form that individuals can use to file their annual income tax returns
1040
Montgomery
Alabama
An animal witha thick wooly coat that is often raised for meat or for its wool and skin
sheep
Dividends
The goal amount of returns we want to file
600,000
A form that details all "non-employee compensation" including specific jobs like freelancers or contractors.
1099
Juneau
Alaska
A bird that is raised by people for its eggs and meat.
Chicken
Any income that is generated by working
Earned income
The name of the application that diagnostic files reside in
Quickbase
An inspection of the filer's tax return by the IRS
Audit
Hartford
Connecticut
A member of the genus Canis that has been domesticated by man since prehistoric times.
Dog
The actual rate you pay on your taxes, as a percentage of your overall income
Effective Tax Rate
Turbo tax took my money!
Webserve
Profit from the sale of an asset, such as a stock or a bond, calculated by subracting the price you initially paid from the price you then sold it for.
capital gain
Dover
Deleware
Elephant
A federal law that requires an employer to withhold taxes from the wages they pay their employees.
Federal Insurance Contributions Act (FICA)
I received a letter from the IRS
Tools>EFE>type in CX info>entitlements
Someone you financially support who can be claimed on a tax return to reduce your taxable income and lower your taxes.
Dependent
Boise
Idaho
A large animal that is used for riding and carrying and pulling things.
Horse
A category that defines the type of tax return an individual will use, primarily based on marital status
Filing Status
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