Internal Revenue Service (IRS)
Definition of "Internal Revenue Service (IRS)"
Branch of the federal government responsible for collecting taxes including personal and corporate. The IRS administers tax rules and regulations, and investigates tax irregularities. Criminal prosecution may be made by IRS for tax fraud through the U.S. Tax Court.
Popular Real Estate Terms
Individual having permission to act ob behalf of a bank or other financial institution in a specified locality to attract interest borrowers. ...
Agreement by a lender to loan money to suitable borrowers within a given time period but without identifying those borrowers. ...
Written statements about a person or business that are malicious, unfounded, and damaging. It is the basis for legal action. ...
Return before taxes on the capital invested in real estate property. ...
Exposure can have various meanings in real estate and insurance, depending on the context. Let’s have a thorough look at these scenarios! Exposure as property’s ...
Something that is of good value for the money and an attractive deal. ...
Judicially determined minimum selling price for auctioned property. For example, a judge rules that a foreclosed home may be sold for less than $200,000, ...
Institutions acting as intermediaries between suppliers and users of money. The financial markets are where those wanting funds are matched with those having surplus funds. The financial ...
Used when determining the worth of an annuity that reinvests the amount of recaptured investment at a risk-free interest rate. ...
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