Walk-In Electronic Filing
“If you need help preparing your taxes visit the Volunteer Income Tax Assistance (VITA) office nearest you. Many VITA offices have IRS representatives who can help you fill o
Whole Life Insurance
“A type of life insurance that provides coverage for the insured’s entire life as long as the policyholder pays the premiums. Whole life insurance also has a cash value
Withholding (‘Pay-as-you-earn’ taxation)
“A system that takes a certain amount from an employee’s paycheck to pay for, completely or partially, that employee’s income tax for the year. This money is used
Withholding Allowance
“An allowance an individual claims on a W-4 Form. It is mainly used to assist an employer in calculating the amount of income tax to withhold from an employee’s paychec
Working Capital
“Money that ensures a business’s ability to operate on a daily basis.”
Write-off
“To transfer an item that was an asset to an expense account. For example, to transfer an uncollectable account receivable to bad debts expense.”
Yield
“An investment’s annual gain or loss. Yield is generally expressed as a percentage.”
Yield to Maturity (YTM)
“The total return on a long-term interest-bearing investment, such as a bond, that is held until its maturity date.”
Zero Coupon Bond
“A bond that makes no periodic interest payments, but sells at a deep discount from its face value. At the maturity date, the investor receives the face value of the bond plu
Volunteer Income Tax Assistance
“Available in most communities are Volunteer Income Tax Assistance (VITA) sites to help with tax return preparation. People volunteer their time to help their neighbors. The
