taxation

W-2 form

An IRS form from employers which reports income earned by an employee during the related calander year.

wash sale

Definition from Nolo’s Plain-English Law DictionaryThe selling and repurchasing of an asset, usually stocks or bonds, within a very short time frame. People used to do this to realize a loss for tax purposes, but the IRS caught on and made such losses...

write-off

Definition from Nolo’s Plain-English Law DictionaryA tax-deductible expense, usually referring to depreciating the cost of an asset used in business or taking a Section179 expense for that asset.

Definition provided by Nolo’s Plain-English Law...

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