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Income Taxes
Taxes imposed by the government on the income generated by individuals, businesses, and other entities.
Tax Court
A federal court that hears and adjudicates tax-related disputes and issues between taxpayers and the Internal Revenue Service.
Tax Assessment
Tax assessment is the process of determining the value of a property, or the income of an individual or business, for the purpose of levying taxes.
Simplified Tax Formula
A streamlined calculation to determine taxable income by subtracting allowable deductions and exemptions from gross income.
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