Examlex
When statutes are passed only after considerable study,debate,and public input,this is an example of which function of the law?
Quarterly Estimated Payments
Payments made to the IRS by self-employed individuals or entities that anticipate owing tax of $1,000 or more, paid in four equal installments throughout the year.
Estimated Payment
refers to tax payments made in advance throughout the year, based on an estimate of the taxpayer's annual income.
Corporate AMT Exemption
An exemption that prevents corporations from having to pay the Alternative Minimum Tax up to a certain threshold of income.
AMT
Alternative Minimum Tax, a separate tax system in the United States designed to ensure that certain taxpayers pay at least a minimum amount of tax.
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