Summary of specialized tax terminology

In this article, we will learn these English terminology / vocabulary specialized in Taxation Please.

• sale or exchange

• sales tax: Tax levied on the value of the goods must be borne by the consumer

• small business: small enterprise/business establishment

• sole proprietor: private business owned by one person

• special assessment

• state taxes: State-mandated taxes

• statute of limitations: Regulations on limitations

• supporting documents: supporting documents

• tangible personal property: Real estate belongs to individuals

• tax (adjective)

• tax (for general revenue)

• tax(for special funds)

• tax account information

• tax auditor

• tax bill

• tax computation

• tax dispute

• tax evasion

• tax form

• tax liability: liability to pay taxes and tax debt

• tax penalty

• tax period: taxable period; tax payment deadline

• tax policy

• tax preparer

• tax rate: tax rate; rate used to calculate taxes

• tax relief: Tax refunded to taxpayers due to incorrect calculations or changes to details on tax records

• tax return: Tax rates are exempted due to special reasons (natural disasters, no shared responsibility for tax debt on income sources belonging to others)

• tax statement (bill): Statement explaining unpaid taxes

• tax year

• taxable: taxes may be required

• taxpayer: taxpayers; tax preparer

• taxpayer advocate: taxpayer advocate or advocate

• term (time)

• third party: third person; third member in a joint venture or organization

• tip (advice): little tips; advice

• tip (gratuity): Tip'; money for waiters and housekeepers; Bonuses to service providers

• toll free (telephone): free telephone calls; Phone calls are free of charge

• transferor (trusts): transferor (in trusts)

• truck: truck; wagon

• truck-tractor

Above are these English terms and vocabulary related to Taxation. Let's continue along EnglishTop Learn more vocabulary about other majors. Wishing you happy studying.