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Escaped income

Escaped income, it would be difficult to confine the meaning of the word 'escape' only to cases where no return

Net income

Net income, in matrimonial jurisprudence the expression would normally mean total income derived less the cost of collection and other

Tax and taxation

Tax and taxation, the word 'tax' in its widest sense includes all money raised by taxation. It therefore includes

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tax shelter

entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax ;also : an interest offered or purchased on the premise that it will provide favorable tax consequences

estimated tax

estimated tax : a tax paid usually quarterly by certain entities (as corporations or trusts) or individuals on income that is not subject to withholding NOTE: A declaration of estimated tax is not required for federal income

Income assessed in a foreign country

Income assessed in a foreign country, the ex-pression 'income assessed in the foreign country' would clearly, in the context

Tax return

Tax return, means an income-tax form on which a person or entity reports income, deductions, and exemptions, and on which tax liability is

Gift-tax

Gift-tax, gift tax is to place the tax on the gift of property which may include land and buildings. It is

tax certificate

tax certificate : a certificate issued to the purchaser of property at a tax sale that certifies the sale

withholding tax

withholding tax : a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax

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