Examlex
Intestacy laws determine the distribution of the property of one who dies without a will.
Tax Return
The form(s) filed with a taxing authority that reports income, expenses, and other pertinent tax information, used to calculate tax liability.
Tax Liability
The complete sum of tax a person or organization is legally required to pay to a tax-collecting body.
Taxable Income
The amount of income used to determine how much tax an individual or business owes, after deductions and exemptions.
Statutory Source
Legal authority for certain rules or regulations; in the context of tax, it refers to laws enacted by a legislative body that dictate tax obligations.
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