Examlex
A typical "one-size-fits-all" strategy remains the most effective for firms "going global."
Qualifying Child
A dependent who meets specific IRS criteria regarding relationship, age, residency, and support, which allows the taxpayer to claim certain tax benefits.
Tax Return
A document filed with a tax authority that reports income, expenses, and other pertinent tax information.
Member of Household
A member of household is a term used in tax law to refer to an individual who resides with the taxpayer for a part of the year and meets certain qualifying conditions, affecting the taxpayer's filing status and eligibility for certain tax benefits.
Qualifying Relative
A tax designation for individuals who do not meet the qualifying child criteria but meet other IRS tests for dependency, affecting taxpayer deductions and credits.
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