Tax Glossary
Your comprehensive guide to tax terminology. Understand complex tax concepts with clear, simple definitions.
Featured Tax Terms
Offer in Compromise
An IRS program that allows taxpayers to settle their tax for less than the full amount owed when paying the full liability would create financial hardship.
Learn About Offer in Compromise →Tax Lien
A legal claim by the government against a taxpayer's property when they fail to pay tax.
Learn About Tax Lien →Installment Agreement
A payment plan that allows taxpayers to pay their taxes over time through monthly payments.
Learn About Installment Agreement →Adjusted Gross Income (AGI)
Your total gross income minus specific deductions used to determine eligibility for tax benefits.
Learn About Adjusted Gross Income (AGI) →Tax Relief Terms
Understand key concepts like Offer in Compromise, installment agreements, and penalty relief.
Explore Tax Relief Terms →IRS Procedures
Learn about IRS collection actions, audits, notices, and administrative procedures.
View IRS Procedure Terms →Filing & Deductions
Master tax filing terminology, deduction types, and income classifications.
Browse Filing & Deduction Terms →