Eric S. Smith, CPA, PLLC
Houston, Texas CPA

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All categories Conservation Easement Tax Deductions Estate Tax Planning General Tax Terms Retirement Tax Planning Specialized Tax Strategies Tax Planning and Strategies Traditional IRA Contribution Deductions

• 4

• 401(k) Contribution Limits
• 401(k) Contributions
• 403(b) Plan
• 403(b) Plans

• 5

• 501(c)(3) Organization
• 529 Plan Transfers for Estate Planning

• 1

• 1031 Exchange Rules
• 1040 Form
• 1099 Form

• a

• Abatement
• Accelerated Charitable Giving Strategies
• Accelerated Depreciation
• Accelerated Depreciation
• Accelerated Depreciation for Equipment
• Accounting Integration Features
• Accrual Method
• Accrued Expense
• Accuracy-Related Penalty
• Adjusted Gross Income (AGI)
• Adoption Credit
• Adoption Tax Credit
• Affordable Care Act (ACA) Penalty
• After-Tax Income
• Agricultural Cooperatives Tax Credit
• Agricultural Tax Credits
• AI-Powered Tax Software
• Allocation of Income
• Allowable Deductions
• Alternative Investments Tax Implications
• Alternative Minimum Tax (AMT)
• Alternative Minimum Tax (AMT) Mitigation
• Alternative Tax Net Operating Loss Deduction
• Amended Return
• Amortization
• Annual Gift Tax Exclusion
• Annualized Income
• Annuity Taxation
• Anti-Avoidance Rule
• Appeals Conference
• Asset Location Strategy
• Asset Valuation
• Audit
• Audit Risk Assessment Software
• Avoiding Double Taxation in International Investments
• Avoiding Excess Accumulated Earnings Tax

• b

• Back Taxes
• Backdoor Roth IRA Contributions
• Backup Withholding
• Bargain Sale to Charity
• Base Erosion and Profit Shifting (BEPS)
• Base Year
• Basis (Cost Basis)
• Biodiesel Tax Credit
• Blockchain for Tax Compliance
• Bonus Depreciation Planning
• Bookkeeping
• Bunching Deductions
• Burden of Proof in Tax Cases
• Business Entity Selection for Optimal Taxation
• Business Expense Deduction Optimization
• Business Startup Expenses Deduction
• Business Succession Planning for Tax Purposes
• Business Travel Expense Deductions
• Business Use of Personal Vehicle Deduction
• Bypass Trusts

• c

• C Corporation
• Capital Expenditure
• Capital Gains
• Capital Gains Tax on Property
• Capital Loss Carryover
• Capital Losses
• Carbon Tax
• Carryback
• Carryforward
• Carryforward Strategy
• Cash Method
• Catch-Up Contribution
• Catch-Up Contributions for Retirement Plans
• Charitable Contribution
• Charitable Contribution Bunching
• Charitable Contribution Substantiation
• Charitable Giving in Real Estate Development
• Charitable Giving Plan
• Charitable Lead Trust
• Charitable Lead Trusts (CLTs)
• Charitable Remainder Trust
• Charitable Remainder Trusts (CRTs)
• Child and Dependent Care Tax Credit
• Child Tax Credit
• Civil Tax Fraud
• Clean Energy Tax Incentives
• Closing Agreement
• Cloud-Based Tax Solutions
• Collection Due Process (CDP)
• Collection Due Process Hearing
• Collection Information Statement (Form 433-A)
• Commuter Benefits Tax Treatment
• Compliance with Global Tax Reporting Standards
• Conservation Easement Deduction
• Construction Industry Equipment Depreciation
• Construction Tax Deductions
• Constructive Receipt
• Consumption Tax
• Contribution Deadlines for IRAs
• Controlled Foreign Corporation (CFC)
• Controlled Foreign Corporation (CFC) Rules
• Coordination of Tax Credits and Deductions
• Corporate Tax
• Cost Basis Reporting
• Cost Segregation
• Cost Segregation Studies
• CP2000 Notice
• Credit Shelter Trusts
• Criminal Tax Fraud
• Cross-Border Taxation
• Cross-Border Value-Added Tax (VAT)
• Cross-Border Value-Added Tax (VAT) Optimization
• Cryptocurrency Tax Reporting
• Current Liability

• d

• De Minimis Safe Harbor for Tangible Property
• Decentralized Finance (DeFi) Tax Rules
• Deductible Expenses
• Deducting IRA Contributions
• Deduction of State and Local Taxes (SALT)
• Deductions for Home-Based Businesses
• Deferral of Income
• Deferred Compensation Plans
• Deferred Income
• Deferred Tax Asset
• Deferred Tax Liability
• Defined Benefit Plan
• Defined Contribution Plan
• Dependent
• Dependent Care Assistance Program (DCAP)
• Dependent Care Tax Optimization
• Depletion
• Depreciation
• Depreciation Recapture for Business Property
• Depreciation Recapture on Real Estate
• Depreciation Recapture Planning
• Digital Payment Reporting Tools
• Digital Tax Ledger
• Direct Payments for Medical and Educational Expenses
• Disallowed Expense
• Disaster Loss Deduction
• Disclaimers in Estate Planning
• Dividend Tax
• Dividends Received Deduction (DRD)
• Donor-Advised Fund (DAF)
• Double-Entry Accounting
• Double Taxation
• Double Taxation Agreement (DTA)
• Double Taxation Relief
• Dynasty Trust
• Dynasty Trusts

• e

• E-Filing
• E-Filing Platforms
• E-Invoicing
• Early Withdrawal Penalties
• Early Withdrawal Penalty
• Earned Income Tax Credit (EITC)
• Earned Income Tax Credit Maximization
• Economic Hardship Exception
• Education Tax Benefits Strategy
• Education Tax Credit
• Educator Expense Deduction
• Effective Date of Tax Laws
• Effective Tax Rate
• Elderly and Disabled Credit
• Electric Vehicle Tax Credit
• Employee Stock Purchase Plan (ESPP) Tax Rules
• Employer Identification Number (EIN)
• Employer Matching Contributions Tax Treatment
• Employer-Provided Education Assistance
• Employer-Sponsored Benefits Tax Optimization
• Energy Efficient Home Credit
• Energy Storage Tax Credit
• Entertainment Industry Tax Rules
• Entity Restructuring for Tax Efficiency
• Entity Selection for Tax Purposes
• Environmental Tax
• Estate Freeze
• Estate Freeze
• Estate Freeze Techniques
• Estate Income Tax Returns (Form 1041)
• Estate Planning for Multinational Families
• Estate Planning for Non-Citizens
• Estate Tax
• Estate Tax Deduction for Funeral Expenses
• Estate Tax Installment Payments
• Estate Tax Valuation Discounts
• Estimated Payments
• Estimated Taxes
• Excess Business Loss Limitation
• Excess Contributions Carryover
• Excess Tax Benefit
• Excise Tax
• Exempt Income
• Exempt Organization
• Expatriation Tax
• Expense Recognition
• Export Incentives and Tax Optimization

• f

• Failure-to-File Penalty
• Failure-to-Pay Penalty
• Fair Market Value (FMV)
• Fair Market Value of Donated Property
• Family Limited Partnership (FLP)
• Family Limited Partnerships (FLPs)
• Federal Estate Tax Exemption
• Federal Historic Preservation Tax Credit
• Federal Income Tax
• Federal Insurance Contributions Act (FICA)
• Federal Tax Court
• Filing Deadline
• Filing Extension
• Filing Status
• Film Production Tax Incentives
• Fiscal Cliff
• Fiscal Year
• Fishing Industry Tax Incentives
• Flat Tax
• Flexible Spending Account (FSA)
• Flexible Spending Arrangements (FSA)
• Foreign Account Tax Compliance Act (FATCA)
• Foreign Bank Account Report (FBAR)
• Foreign Earned Income Exclusion
• Foreign Earned Income Exclusion (FEIE)
• Foreign Earned Income Exclusion (FEIE)
• Foreign Investment Tax Reporting
• Foreign Tax Credit
• Foreign Tax Deduction
• Foreign Tax Identification Number (FTIN)
• Foreign Taxpayer Identification Number (FTIN)
• Foreign Withholding Tax
• Form 720
• Form 941
• Form 1095-A
• Form 1098
• Form 4562
• Form 5500
• Form 8829
• Form 8889
• Form 8962
• Form 9465
• Form SS-4
• Fringe Benefit Tax Strategies
• Fringe Benefit Taxation
• Frivolous Tax Submission Penalty

• g

• Gaming Industry Tax Regulations
• General Anti-Avoidance Rule (GAAR)
• Generation-Skipping Transfer Tax (GSTT)
• Generation-Skipping Transfer Tax (GSTT)
• Gift Splitting
• Gift Splitting Between Spouses
• Gift Tax
• Gifting Appreciated Assets
• Gifting Stock for Tax Savings
• Gifts of Appreciated Stock
• Global Intangible Low-Taxed Income (GILTI)
• Global Minimum Tax
• Grantor Retained Annuity Trust (GRAT)
• Grantor Retained Annuity Trusts (GRATs)
• Grantor Trust Rules for Estate Planning
• Green Building Tax Deductions
• Gross Income
• Gross Receipts
• Group-Term Life Insurance Tax Benefits
• GSTT Exemptions and Allocations

• h

• Hardship Waiver
• Head of Household
• Health Coverage Tax Credit (HCTC)
• Health Reimbursement Arrangement (HRA)
• Health Savings Account (HSA) Contributions
• Health Savings Account (HSA) Contributions
• Health Savings Account (HSA) in Retirement
• Healthcare Facility Tax Exemptions
• Healthcare Provider Taxation
• Hedging Transactions and Taxes
• High-Income Earner Tax Strategies
• High Net Worth Individual (HNWI)
• Hobby Loss Rule
• Home Office Deduction
• Home Office Safe Harbor Rule
• Home Sale Exclusion
• Hospitality Industry Taxation

• i

• Identity Verification Letter
• In-Kind Distribution of Estate Assets
• In-Kind Donations
• Inbound Tax Rules
• Inclusion of Life Insurance Proceeds in Estates
• Income Allocation Techniques
• Income Averaging Techniques
• Income Shifting
• Income Tax
• Income Tax Planning for Artists and Creatives
• Individual Taxpayer
• Inheritance Tax
• Injured Spouse Allocation
• Innocent Spouse Protection
• Innocent Spouse Relief
• Innocent Spouse Relief Litigation
• Installment Agreement
• Installment Agreement Request
• Installment Sales
• Installment Sales
• Intangible Assets
• Intelligent Tax Assistant
• Interest on Underpayments
• Internal Revenue Service (IRS)
• International Tax Compliance
• International Tax Optimization
• International Tax Treaties and Benefits
• Inventory Valuation
• Investment Property Depreciation
• Investment Tax Credit (ITC)
• Irrevocable Life Insurance Trust (ILIT)
• Irrevocable Life Insurance Trusts (ILITs)
• IRS Appeals Division
• IRS Audit Notice
• IRS Form 2848 (Power of Attorney)
• IRS Free File Program
• IRS Notice of Deficiency
• IRS Penalties
• IRS Revenue Ruling
• IRS Taxpayer Assistance Order
• IRS Wage Garnishment Letter
• Itemized Deductions

• j

• Jeopardy Assessment
• Joint Filers

• k

• K-1 Form

• l

• Land Improvement Depreciation
• Leveraging Tax Credits for Hiring
• Leveraging Tax Havens Legally
• Life Expectancy Tables for RMDs
• Lifetime Gift Strategies
• Lifetime Learning Credit
• Lifetime Learning Tax Credits
• Like-Kind Exchange
• Limited Liability Company (LLC)
• Litigation Costs Deduction
• Long-Term Capital Gains
• Loss Harvesting
• Low-Emission Vehicle Tax Benefits
• Low-Income Housing Tax Credit
• Lump-Sum Pension Payout Taxation
• Luxury Tax

• m

• Machine Learning in Tax Audits
• Managing Estimated Tax Payments
• Managing Taxable Social Security Benefits
• Manufacturing Tax Incentives
• Marginal Tax Rate
• Marginal Tax Rate Management
• Marital Deduction
• Marital Deduction for Estate Tax
• Maximizing Retirement Plan Contributions
• Medical Expense Deduction
• Medical Expense Deduction Planning
• Mid-Quarter Convention
• Mining Operations Tax Compliance
• Mobile Tax Apps
• Mortgage Insurance Premium Deduction
• Mortgage Interest Deduction
• Mortgage Interest Deduction Optimization
• Multistate Tax Optimization

• n

• Navigating Tax Implications of Stock Options Abroad
• Negligence Penalty
• Net Income
• Net Investment Income Tax (NIIT)
• Net Operating Loss (NOL)
• Net Operating Loss (NOL) Carryforward
• Net Operating Loss (NOL) Utilization
• Non-Deductible Expense
• Non-Deductible IRA Contributions
• Non-Qualified Annuities
• Non-Taxable Income
• Nonprofit Hospital Tax Reporting
• Nonprofit Organization Tax Exemptions
• Nonresident Alien
• Notice of Federal Tax Lien (NFTL)

• o

• Offer in Compromise
• Offer in Compromise Decision
• Oil and Gas Tax Preferences
• Optimization of Employee Stock Purchase Plans
• Out-of-Pocket Expenses for Charity
• Outbound Taxation
• Overpayment

• p

• Partnerships
• Pass-Through Entities
• Passive Activity Loss (PAL)
• Passive Income
• Passive Income from REITs
• Passive Income Tax Reduction Strategies
• Passive Loss Limitation Strategy
• Passive Real Estate Losses
• Payroll Tax
• Payroll Tax Deferral Strategies
• Payroll Tax Software
• Penalty Abatement
• Penalty-Free Withdrawals for First-Time Homebuyers
• Penalty Waiver Request
• Pension Plan Contributions
• Pension Plan Taxation
• Permanent Establishment
• Permanent Establishment Rules
• Perpetual Trusts
• Personal Exemption Strategies
• Planning for Deferred Compensation Plans
• Planning for Digital Assets in Estates
• Portability of Estate Tax Exemption
• Portability of Estate Tax Exemption
• Pre-Tax Income
• Precedential Tax Rulings
• Predictive Tax Analytics
• Private Operating Foundation
• Pro Rata Allocation
• Professional Services Tax Compliance
• Profit and Loss Statement (P&L)
• Progressive Tax
• Property Tax
• Property Tax Deduction
• Property Tax Deduction Planning
• Property Valuation for Tax Purposes
• Provisional Income
• Public Charity Status

• q

• Qualified Business Income (QBI)
• Qualified Business Income (QBI) Deduction
• Qualified Charitable Distribution (QCD)
• Qualified Charitable Distributions (QCDs)
• Qualified Dividend
• Qualified Dividends
• Qualified Domestic Relations Orders (QDROs)
• Qualified Longevity Annuity Contracts (QLACs)
• Qualified Opportunity Fund (QOF) Investment
• Qualified Opportunity Zone
• Qualified Personal Residence Trust (QPRT)
• Qualified Personal Residence Trusts (QPRTs)
• Qualified Retirement Plan
• Qualified Small Business Stock (QSBS) Exclusion
• Qualified Terminable Interest Property (QTIP) Trusts
• Qualified Transportation Fringe Benefits

• r

• Real Estate Investment Trusts (REITs)
• Real-Time Tax Calculators
• Realized Gain
• Realized vs. Unrealized Gains
• Recapture
• Reconciliation
• Recycling Equipment Tax Deduction
• Refund
• Regressive Tax
• Renewable Energy Investment Tax Credit
• Renewable Energy Tax Credits
• Rental Income Taxation
• Reporting Foreign Earned Income
• Reporting Side Hustle Income Effectively
• Required Minimum Distribution (RMD)
• Required Minimum Distributions (RMDs)
• Research and Development (R&D) Tax Credit
• Research and Development (R&D) Tax Credits
• Research and Development Tax Credit
• Residential Energy Efficient Property Credit
• Residential Energy Tax Credit
• Residential Solar Energy Tax Credit
• Restaurant Revitalization Tax Benefits
• Retail Business Tax Compliance
• Retail Sales Tax Simplification Programs
• Retained Earnings
• Retirement Account Rollovers
• Retirement Income Deferral
• Retirement Income Splitting Strategies
• Retirement Plan Distributions for Charitable Giving
• Retirement Savings Contribution Credit
• Return Preparation
• Return Preparer Fraud
• Right to a Fair and Just Tax System
• Right to Appeal
• Right to Challenge the IRS’s Position
• Right to Finality
• Right to Pay No More than the Correct Amount of Tax
• Right to Privacy
• Right to Retain Representation
• Rollovers from Employer-Sponsored Plans
• Roth 401(k) Plans
• Roth IRA Contribution Limits
• Roth IRA Conversion
• Roth IRA Conversion Strategies
• Roth IRA Conversion Timing
• Roth IRA Five-Year Rule

• s

• Sale-Leaseback Agreements
• Sales Tax
• Sales Tax Nexus Planning for E-Commerce
• Saver’s Credit
• Saver's Credit
• Saver's Credit for Retirement Contributions
• Schedule A
• Schedule C
• Schedule D
• Schedule SE
• Section 179 Expensing
• Section 179 Expensing
• Section 199A Deduction
• Section 199A Qualified Business Income Deduction
• Section 1202 Stock Gains Exclusion
• Section 1250 Property
• Self-Employed Health Insurance Deduction
• Self-Employment Tax
• Short Selling and Taxes
• Short-Term Capital Gains
• SIMPLE IRA
• SIMPLE IRA Plans
• Simplified Employee Pension (SEP) IRA
• Simplified Employee Pension (SEP) IRA
• Simplified Employee Pension (SEP) Plans
• Sin Tax
• Small Business Expensing (Section 179)
• Small Business Health Care Tax Credit
• Small Business Health Insurance Tax Credit
• Small Business Retirement Plans
• Small Business Tax Software Integration
• Smart Contracts and Taxation
• Social Security Benefit Taxation Reduction
• Social Security Income Taxation
• Social Security Tax
• Sole Proprietor
• Solo 401(k) Plans
• Special Needs Trusts
• Special Use Valuation for Farmland
• Split-Interest Gifts
• Spousal Lifetime Access Trust (SLAT)
• Spousal Lifetime Access Trusts (SLATs)
• Standard Deduction
• Standard Deduction vs. Itemization Analysis
• Start-Up Expense Deduction Planning
• State Income Tax
• State Inheritance Taxes
• State Tax Credits for Manufacturing
• Statute of Limitations for Tax Collection
• Statute of Limitations on Tax
• Step-Up in Basis
• Step-Up in Basis at Death
• Step-Up in Basis for Inherited Assets
• Strategic Lease vs. Purchase Decisions
• Strategic Timing of Income and Expenses
• Strategies for Avoiding Alternative Minimum Tax (AMT)
• Strategies for Managing Tax Residency
• Stretch IRA Strategies
• Structuring Royalties for Tax Efficiency
• Student Loan Interest Deduction
• Student Loan Interest Deduction Planning
• Subchapter S Corporation (S Corp)
• Substantial Understatement Penalty
• Substantiation
• Substitute for Return (SFR)
• Summons Enforcement Proceedings
• Sustainable Agriculture Tax Deductions

• t

• Tangible Property Regulations
• Tariff
• Tax Advisor
• Tax Automation Platforms
• Tax Avoidance
• Tax Basis in Real Estate
• Tax Benefits for Healthcare Professionals
• Tax Benefits for Renewable Energy Producers
• Tax Benefits for Renewable Energy Projects
• Tax Bracket
• Tax Bracket Optimization
• Tax Calculation Software
• Tax Code
• Tax Compliance
• Tax Compliance in E-Commerce
• Tax Consultant
• Tax Court Petition
• Tax Credits for Low-Income Housing Development
• Tax Deduction
• Tax Deduction Limits on Charitable Gifts
• Tax Deductions for Professional Athletes
• Tax Deductions for Scientific Research
• Tax Deferral
• Tax-Deferred Account
• Tax-Deferred Retirement Accounts
• Tax Diversification
• Tax Document Scanning Tools
• Tax-Efficient Charitable Remainder Unitrusts
• Tax-Efficient Retirement Withdrawals
• Tax-Efficient Stock Option Exercise
• Tax-Efficient Withdrawal Strategies
• Tax Equalization
• Tax Evasion
• Tax-Exempt Bond Investments
• Tax-Exempt Bonds
• Tax-Exempt Interest
• Tax Exemption
• Tax Filing
• Tax Filing APIs
• Tax Fraud Prosecution
• Tax-Free Exchange (1031 Exchange)
• Tax-Free Wealth Transfers
• Tax Harvesting
• Tax Implications of Estate Liquidation
• Tax Implications of Estate Settlements
• Tax Incentives for Export Businesses
• Tax Information Exchange Agreement (TIEA)
• Tax Levy Appeal
• Tax Liability
• Tax Lien Removal
• Tax Planning for Cryptocurrency Mining Operations
• Tax-Preferred Account Contributions
• Tax Preparation Software Features
• Tax Refund Offset
• Tax Resolution
• Tax Return
• Tax Settlement
• Tax Shelter
• Tax Sheltered Account
• Tax Software
• Tax Strategies for Independent Contractors
• Tax Transcript
• Tax Treaty
• Tax Year
• Taxable Event
• Taxable Income
• Taxable vs. Non-Taxable Retirement Income
• Taxation of Cryptocurrency Gains
• Taxation of Foreign Estates
• Taxation of Freelancers and Gig Workers
• Taxation of Inherited Retirement Accounts
• Taxation of Jointly Owned Property
• Taxation of Military Retirement Pay
• Taxation of Mutual Fund Distributions
• Taxation of Professional Athletes
• Taxation of Revocable Living Trusts
• Taxation of Wellness Program Benefits
• Taxation Without Representation
• Taxpayer Advocate Service (TAS)
• Taxpayer Bill of Rights
• Taxpayer Compliance Measurement Program
• Taxpayer Delinquency Investigation
• Taxpayer Identification Number (TIN)
• Technology Company Tax Incentives
• Technology Startups Tax Incentives
• Territorial Tax System
• Timing of Real Estate Transactions
• Timing of Self-Employment Income
• Timing of Tax Payments
• Traditional IRA Contribution Deductions
• Transfer Pricing
• Transfer Pricing Adjustment
• Transfer Pricing Guidelines
• Transfer Pricing Optimization
• Transportation Industry Per Diem Rates
• Transportation Industry Tax Deductions
• Treaty-Based Exemptions
• Treaty-Based Return Position Disclosure
• Trust Beneficiary
• Trust Fund Recovery Penalty
• Trust Planning for Tax Minimization
• Trust Protector
• Trustee Responsibilities and Taxation
• Tuition and Fees Deduction

• u

• U.S. Treasury
• Underpayment Penalty
• Unemployment Compensation
• Unfiled Taxes
• Unified Credit
• Unified Tax Credit
• Unrecaptured Section 1250 Gain
• Unrelated Business Taxable Income (UBTI)
• Use of Crummey Powers in Trusts
• Use of Promissory Notes in Estate Planning
• Use of Tax-Advantaged Accounts
• Use Tax
• Utilities Tax Deductions

• v

• Vacation Home Tax Rules
• Valuation Discounts
• Valuation of Closely Held Businesses in Estates
• Value-Added Tax (VAT)
• Virtual Currency Taxation
• Voluntary Disclosure
• Volunteer Mileage Deduction

• w

• W-2 Employee
• W-2 Form
• W-4 Form
• Wash Sale Rule
• Water Conservation Tax Benefits
• Wealth Tax
• Wealth Transfer Tax
• Willful Failure to Pay
• Wind Energy Tax Incentives
• Withdrawals for Medical Expenses
• Withholding Adjustment for Accurate Payments
• Withholding Agent
• Withholding Tax
• Withholding Tax on Foreign Payments
• Work Opportunity Tax Credit (WOTC)
• Worldwide Tax System
• Write-Off

• y

• Year-End Tax Planning Checklist
• Yield Optimization for Tax Purposes

• z

• Zero Capital Gains Tax Harvesting