tax Guides

Federal Taxation in the United States: An Overview

Federal taxation in the United States is the taxation by the Federal government of the United States which is a concurrent power of states as well as the federal government. This means that both the state and the Federal government have similar powers they can exercise; however these are not shared but are those that both entities have in common. The Federal tax code is administered by the IRS (Internal Revenue Service) which is a bureau of the treasury.

Renewable Energy Credit: Tax Benefits

A Renewable energy credit is any tax credit presented by a local or federal taxation authority as a motivation for the fixing and operation of renewable energy systems such as solar or wind power.

Income Tax Glossary: Part – II

This is a continuation of the first part of the glossary of terms related to income tax. This glossary may simplify some of the jargon used in finance and make the subject easier to understand.

Income Tax: Glossary Of Terms Part - I

There are many ways of saving income tax and it would perhaps be useful to go through all the terms related to it. This may help in understanding the workings of income tax and perhaps help save some money. Here is a compilation of terms related to income tax that may come in handy in saving money.