Glossary of Terms
196 definitions by Massachusetts Department of Revenue

1231 Property179 Deduction401(a) Plan401(k) Plan Qualified Cash or Deferred Arrangement403(b) Plan (Tax-Sheltered Annuity Plan (TSA) or Teacher's Insurance and Annuity Association and College Retirement Equities Fund (TIAA-CREF)457 PlanAbatementAbatement/Amended ReturnAccounting Periods and MethodsAdjusted Basis of PropertyAdjusted Gross IncomeAdministrative Procedures (APs)After-Tax ContributionAlimonyAllowable Excess Trade or Business DeductionsAmount Realized (Selling Price)Ancillary Activity Test (AAT)AnnuityAppellate Tax Board (ATB)Apportionment of IncomeAssessment of Tax by the CommissionerBarcodesBonus DepreciationBusiness ExpensesCapital AssetCapital Gain DistributionsCapital Gain or LossCapital ImprovementsCatch-Up ContributionsCertificate of DepositCircuit Breaker CreditCodeCollectibleContributions to a Pension or Retirement FundCorporate TrustCorverdell Education Savings Account (CESA)Cost Basis of PropertyCost of Goods Sold (CGS)Covenant Not to Compete or a Non-Competition AgreementCreditCurrent Gain or LossDebt InstrumentDeductionDeduction and Exemption Ratio for Nonresidents and Part-Year ResidentsDeferred CompensationDefined Benefit PlanDefined contribution planDependentDependent Care BenefitsDepreciationDesignated Roth AccountDisabled DependentDistributions from a Pension or Retirement FundDividendDomicileDOR Directives (DDs)Earned Income CreditElectronic Filing (e-file)Electronic Return Originators (ERO)Employee (Fringe) BenefitsEmployee Retirement PlanEntity TheoryEstimated TaxExcess ExemptionsExcess Trade or Business DeductionsExcludible IncomeExemptionExemption and Deduction Ratio for Nonresidents and Part-Year ResidentsFair Market ValueFederal Adjusted Gross IncomeFederal ChangeFederal DeductionsFederal Deductions Allowable on Form 1Federal Gross IncomeFederal Insurance Contributions Act (FICA) TaxFederal National Mortgage Association (FNMA)Filing RequirementFiling StatusFlow Through TheoryFringe BenefitsGain or lossGambling as a ProfessionGovernment Bond Interest IncomeGovernment National Mortgage Association (GNMAA)GrantorGross IncomeGross ProfitGross ReceiptsGross Receipts-Based TaxesHealth Savings Account (HSA)Holding Period of Capital Assets Sold or ExchangedIncluding Employment Carried on in Massachusetts Trade or BusinessIncome TaxesIndividual Retirement Account (IRA)Individual Retirement Account Roth IRAIndividual Retirement Account Traditional (Regular) IRAInstallment SalesInterest IncomeInternal Revenue Code (I.R.C.)Irrevocable TrustIRS-Issued Preparer Tax Identification Number (PTIN)Keogh PlansLetter Rulings (LRs)Limited Income Credit (LIC)Line 3 Total Income as Reported on Massachusetts Form 1-NR/PYLong-Term Capital Gain or LossLump Sum DistributionsMarried TaxpayerMassachusetts Adjusted Gross IncomeMassachusetts General Laws (M.G.L.)Massachusetts Gross IncomeMassachusetts Gross Income for a NonresidentMassachusetts Gross Income from all Sources for a NonresidentMassachusetts Holding Period of Capital Assets Sold or ExchangedMassachusetts Optional Retirement Program (ORP)Massachusetts Previously Taxed ContributionsMassachusetts Source IncomeMassachusetts Taxable IncomeMedical Savings Account (Archer MSA)Medicare TaxMoney Market FundMutual FundNet Profit or LossNonqualified Employee PlanNonrefundable CreditNonresidentNonresident AlienNonresident and Part-Year Resident Prorated Deduction and Exemption RatioNonresident Massachusetts Gross IncomeNonresident Massachusetts Gross Income from all SourcesNo Tax Status (NTS)Online FilingOrdinary Gain or LossPaid Preparer AuthorizationPart A IncomePart B IncomePart C IncomePart-Year ResidentPart-Year Resident Massachusetts Gross IncomePassive ActivitiesPenaltiesPenalty for Failure to Purchase Health InsurancePension ContributionsPension DistributionsPermanent Place of AbodePersonal Identification Number (PIN)Power of AttorneyPretax ContributionPrior Year Gain or LossProfit Sharing PlanProrated Personal Exemption (Prorated PE)Public Written StatementsQualified Cash or Deferred Arrangement CODA 401(k) PlanQualified Employee PlanReasonable CauseRefundRefundable CreditRegulations (830 CMR)Residency StatusResident AlienResident or InhabitantReturns and AllowancesRevocable TrustRolloverSalary Reduction AgreementSalary Reduction DeferralSale of ExchangeSavings Incentive Match Plan for Employees (SIMPLEs)Self-Employment TaxSelling Price (Amount Realized)Series EE BondServicememberShort-Term Capital Gain or LossSimplified Employee Plan (SEP)Social Security TaxSpecial Federal Provisions Ordinary Loss TreatmentStatute of LimitationsSupplemental Unemployment Benefits Taxed as WagesTaxable YearTaxesTax LiabilityTax Sheltered Annuity (TSA) Plan or Teacher Insurance and Annuity Association and College Retirement Fund (TIAA-CREF)Technical Information Releases (TIRs)TelefileThe Tax Counseling for the Elderly (TCE) ProgramThe Thrift Savings Plan (TSP)The Volunteer Income Tax Assistance (VITA) ProgramTip IncomeTotal Income for Purposes of Line 14f of Massachusetts Form 1-NR/PYTotal Income for purposes of the Circuit Breaker CreditTrade or BusinessUnemployment CompensationWagesWebFile for IncomeWithholding ("Pay-As-You-Earn" Taxation)Workers' Compensation
Loading conversations.
Related Entities