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Last updated: January 26, 2004
The following page contains common words found in tax forms and tax
related documents.
Alien: generally, any person who is not a U.S. citizen.
Student: person temporarily in the U.S. on an F, J, Q, or M visa.
Teacher or Trainee: person who is not a student & who is
temporarily in the U.S. on a J or Q visa.
Dependents: generally, spouse and children living in the same
home.
Compensation/Earnings: wages, salaries, tips.
Income: wages, salaries, tips, interest, dividends, some scholarships/fellowship
grants.
IRS: Internal Revenue Service
Income Tax Return: statement filed (submitted) by individual taxpayer
to the IRS or State of New York.
Withholding: U.S. income tax automatically taken from your paycheck.
Exempt Individual: person who does not have to count days of
presence in the U.S.
Effectively Connected Income: All income, gain or loss from U.S.
sources. This pertains to F, J, Q and M visa holders.
Standard Deduction: standard amount that individuals may subtract
from income when calculating taxes owed.
Itemized Deductions: additional amount that individuals may subtract
from income when calculating taxes owed. Example: charitable contributions,
state and local tax withheld, etc.
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