Examlex
The net result of the recent renaissance in logistics is that logistics costs are expected to decline.
Adjusted Gross Income (AGI)
A calculation derived from your total earnings to ascertain the taxable portion of your income.
Deductions and Credits
Financial tools allowed by tax law to reduce taxable income or the tax itself, with deductions lowering taxable income and credits directly reducing the tax payable.
Maximum Penalty
The highest possible financial charge or punishment that can be imposed for a violation of a rule or law.
Failure to File
The failure of an individual or business to submit their tax return by the due date, which can result in penalties and interest charges.
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