Bartering income is the fair market value of goods or services exchanged without money. It is taxable...
A bad debt deduction allows you to write off loans or credit sales you cannot collect, reducing your...
Alien tax status determines how non-U.S. citizens and residents are taxed in the U.S., influencing filing...
Tax evasion is illegal and involves deceit to pay less tax, while tax avoidance uses legal means within...
Case law shapes how tax laws and IRS rulings are interpreted, offering clarity in disputes and guiding...
Tax regulations are government-enforced rules that determine how taxes are calculated, filed, and paid....
Damages are payments from legal settlements or lawsuits, but their tax treatment by the IRS varies widely...
Condemnation occurs when the government legally takes private property for public use, impacting property...
Community income is income earned by either spouse during marriage that is owned equally under community...
An award is a prize or recognition you receive for achievement, often involving money or goods. For tax...