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Today's Terms
Excise tax
Definition:
A tax on the sale or use of specific products or transactions.
Installment Agreements
Definition:
To be eligible for an installment agreement, all returns that are due must first be filed. Installment agreements generally require equal monthly payments. The amount of an installment payment will be based on the amount owed and on the taxpayer’s ability to pay that amount within the time legally available for the IRS to collect.
Employee
Definition:
Works for an employer. Employers can control when, where, and how the employee performs the work.
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State Statutes Resource Center 