by Action Tax | Tax Blog
The definition of a Federal tax lien is when the government has a legal claim against your property because you either neglected or failed to pay your tax debt. The government does this to protect its interests in your real estate, personal property or financial...
by Action Tax | Tax Blog
Franchise Tax Board Contacting Business Tax Nonfilers Sacramento –The Franchise Tax Board (FTB) is sending letters to more than 45,000 California businesses that have not filed their 2012 state income tax returns. Each year FTB reviews more than 5 million income...
by Action Tax | Glossary
Zero Coupon Bond A bond that makes no periodic interest payments, but sells at a deep discount from its face value. At the maturity date, the investor receives the face value of the bond plus the interest that has accrued.
by Action Tax | Glossary
Yield An investment’s annual gain or loss. Yield is generally expressed as a percentage. Yield to Maturity (YTM) The total return on a long-term interest-bearing investment, such as a bond, that is held until its maturity...
by Action Tax | Glossary
Waiver of Premium An insurance policy rider that waives premium payments if the insured becomes permanently disabled. Walk-In Electronic Filing If you need help preparing your taxes visit the Volunteer Income Tax Assistance (VITA) office nearest you. Many VITA offices...
