Find a Tax Glossary on Any Freely Accessible Web Site

question 66

Essay

Find a tax glossary on any freely accessible Web site and provide the URL. Also find and provide a citation for the IRC section that defines the term gross income.What is the tax glossary's definition of gross income?How does the IRC define gross income?Of the two definitions, which would a taxpayer without extensive tax knowledge find easier to understand? Why?Which of the two definitions is relevant for a tax researcher? Why?

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Definitions:

Attorney-Client Privilege

A legal principle that protects communications between a client and their attorney from being disclosed without the client's permission.

Accountant-Client Privilege

A legal privilege that keeps confidential communications between an accountant and their client protected from disclosure without the client's consent.

Testify

To give a formal statement of fact or evidence in a court of law, or in a legislative or administrative proceeding.

Disclaimer

A declaration intended to exclude legal responsibility and avoid the possibility of civil litigation for specific actions or neglect.