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Interest income
The income a person receives from certain bank accounts or from lending money to someone else.
Source: Understanding Taxes - Glossary - irs.gov
Intermediate Service Provider
Assists in processing tax return information between the ERO (or the taxpayer, in the case of online filing) and the Transmitter.
Source: Understanding Taxes - Glossary - irs.gov
Internal Revenue Service (IRS)
The federal agency that collects income taxes in the United States.
Source: Understanding Taxes - Glossary - irs.gov
Investment income
Includes taxable and tax-exempt interest, dividends, capital gains net income, certain rent and royalty income, and net passive activity income.
Source: Understanding Taxes - Glossary - irs.gov
IRS e-file
Refers to the preparation and transmission of tax return information to the IRS using telephone lines or a computer with a modem or Internet access.
Source: Understanding Taxes - Glossary - irs.gov
Indirect tax
A tax that can be shifted to others, such as business property taxes.
Source: Understanding Taxes - Glossary - irs.gov
Infant industry
A new or developing domestic industry whose costs of production are higher than those of established firms in the same industry in other countries.
Source: Understanding Taxes - Glossary - irs.gov
Informal tax legislation process
Individuals and interest groups expressing and promoting their opinions about tax legislation.
Source: Understanding Taxes - Glossary - irs.gov
Affordable Income Tax Preparation in Fillmore, CA
Christopher Lee, MPA · Registered CTEC Tax Preparer
Have your tax return done:
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- Individual & Small Business returns — Basic or involved
- Back income tax returns that need filing or amending
- IRS NOTICES — I can help with the proper response
A fast return brings:
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