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Tax Glossary

5 terms defined. Each entry links to related terms and the software that handles it best.

Filing Basics

Adjusted Gross Income (AGI) Adjusted Gross Income (AGI) is your total income minus specific above-the-line deductions....
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Tax Forms

Form 1099-NEC Form 1099-NEC (Non-Employee Compensation) is the IRS information return that businesses mu...
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Business Deductions

QBI Deduction (Section 199A) The Qualified Business Income (QBI) deduction under IRC Section 199A allows eligible self-...
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Income Schedules

Schedule C Schedule C (Profit or Loss from Business) is the IRS form sole proprietors and freelancers...
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Schedule E Schedule E (Supplemental Income and Loss) is the IRS form landlords use to report rental i...
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