DEPRECIATION

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This is a tax deduction that is taken to reflect the wear and…
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DIRECT TRANSFER

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Is a method of moving retirement and IRA funds directly from…
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EARLY DISTRIBUTIONS

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Generally, when a taxpayer withdraws funds from a qualified plan…
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EARNED INCOME

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This refers to income that is earned from providing your personal…
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ESTIMATED TAX

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If a taxpayer does not have sufficient withholding from wages…
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EXEMPTIONS

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An exemption is an amount, $4,050 for 2017 (same as 2016) that…
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FICA

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These initials stand for Federal Insurance Contributions Act,…
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FAIR MARKET VALUE

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This is the price at which a property would change hands between…
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