U.S. tax accounting refers to accounting for tax purposes in the United States. Unlike most countries, the United States has a comprehensive set of accounting...

The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property...

Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as...

The United States federal government and most state governments impose an income tax. They are determined by applying a tax rate, which may increase as...

In the United States, the estate tax is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred...

fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's...

Under the federal law of the United States of America, tax evasion or tax fraud is the purposeful illegal attempt of a taxpayer to evade assessment or...

Generally Accepted Accounting Principles (GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities...

The United States Tax Court (in case citations, T.C.) is a federal trial court of record established by Congress under Article I of the U.S. Constitution...

Sales taxes in the United States are taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state...

inheritance taxes began after 1900, while the states (but not the federal government) began collecting sales taxes in the 1930s. The United States imposed...

In the United States, individuals and corporations pay a tax on the net total of all their capital gains. The tax rate depends on both the investor's tax...

In addition to federal income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose...

The Foreign Account Tax Compliance Act (FATCA) is a 2010 U.S. federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their...

accounting Tax accounting in the United States History of accounting – dates back to ancient Mesopotamia, and is closely related to developments in writing...

accounting is the time various financial transactions are recorded. The cash basis (EU VAT vocabulary cash accounting) and the accrual basis are the two...

local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. This tax may be imposed on...

members except the United States.: 14  Germany and France were the first countries to implement a VAT, enacting a general consumption tax during World War...

Excise tax in the United States is an indirect tax on listed items. Excise taxes can be and are made by federal, state, and local governments and are...

International Accounting Standard 12, define it as income tax expense or benefit for accounting purposes divided by accounting profit. In Generally Accepted...

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate...

global accounting networks as measured by revenue. The four are often grouped because they are comparable in size relative to the rest of the market,...

income tax in the United States. The amount on which tax is computed, taxable income, equals gross income less allowable tax deductions. The Internal...

chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded...

retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference...

is an audit, tax, and consulting firm focused on the middle market in the United States and Canada and is a member of the global accounting network RSM...

account type. In computerized accounting systems with computable quantity accounting, the accounts can have a quantity measure definition. Account numbers may...

The United States Internal Revenue Service (IRS) uses forms for taxpayers and tax-exempt organizations to report financial information, such as to report...

In accounting, amortization is a method of obtaining the expenses incurred by an intangible asset arising from a decline in value as a result of use or...

A tax-free savings account (TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving...