Tax Tips

Ask JK

Most Popular

Ask JK

Advanced

Is income averaging still available? 24.8k views
Where do I report income from my corporation on Form 1040? 12.2k views
I paid a convenience fee when I charged my property taxes. Can I deduct this fee? 7.5k views
I sold some municipal bonds at a loss. Can I deduct the loss? 7.1k views

Featured Books

J.K. Lasser's Guide to Self-Employment: Taxes, Strategies, and Money-Saving Tips for Schedule C Filers

Barbara Weltman

$17.95

Learn more

View all books Next Book

Tax Glossary

Assessment

The IRS action of fixing tax liability that sets in motion collection procedures, such as charging interest, imposing penalties, and, if necessary, seizing property.

More terms Next Term