- tax compromise
- An agreement whereby the United States Government agrees to accept payment of less than the determined liability for federal tax.
Ballentine's law dictionary. Anderson, W.S.. 1998.
tax compromise
Look at other dictionaries:
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 — Effective (Various dates for different provisions) Citations Public Law Public Law 111 312 Stat … Wikipedia
Tax levies — A Tax levy, under United States Federal law, is an administrative action by the Internal Revenue Service (IRS) under statutory authority, without going to court, to seize property to satisfy a tax liability. The levy includes the power of… … Wikipedia
tax law — Introduction body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the authority part of their income or property. The power to impose taxes is generally recognized as a right of governments.… … Universalium
Tax lien — A tax lien is a lien imposed on property by law to secure payment of taxes. Tax liens may be imposed for delinquent taxes owed on real property or personal property, or as a result of failure to pay income taxes or other taxes.Tax liens in… … Wikipedia
Compromise of 1790 — The Compromise of 1790 was the first of three great political compromisesa made in the United States by the Northern and Southern states, occurring every thirty years, in an attempt to keep the Union together and prevent civil war. Contents 1… … Wikipedia
Tax Increase Prevention and Reconciliation Act of 2005 — The Tax Increase Prevention and Reconciliation Act of 2005 (or TIPRA, USPL|109|222, USStat|120|345) was enacted on May 17, 2006. This bill prevents several tax provisions from sunseting in the near future. The two most notable pieces of the bill… … Wikipedia
Bush tax cuts — Part of a series of articles on Unit … Wikipedia
Offer in compromise — The Offer in Compromise (or OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122 which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less… … Wikipedia
Slave Trade Compromise and Fugitive Slave Clause — The Framers debated over the extent to which slavery would be included, permitted, or prohibited in the United States Constitution. In the end, they created a document of compromise that represented the interests of the nation as they knew it and … Wikipedia
Offer In Compromise — A program offered by the IRS to taxpayers who are unable to pay their tax debt. Those who qualify are allowed to make an offer in compromise, which is an offer to pay a lesser amount than that which is owed. The offer in compromise program is… … Investment dictionary
