Tax Time

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Across
  1. 1. The amount of investment in property
  2. 7. Either standard of itemized
  3. 8. a type of bond interest not taxed at Federal level
  4. 9. A percentage of taxable income paid to support the US government
  5. 10. Reduces taxable income by $4050 per person on your return
  6. 13. The recovery of cost of asset used in business
  7. 14. A family member that does not meet relationship test for Qualifying Child
  8. 15. A type of unearned income
  9. 16. Can be filed within 3 years of original return
  10. 18. An overpayment of tax for the year
Down
  1. 2. Taxable to recipient and an adjustment to the payer
  2. 3. Distribution to you from corporation you've invested in
  3. 4. Benefit reducing income
  4. 5. Someone you can claim an exemption for.
  5. 6. Parent a child lives with most of the year and can claim EIC & dependent care credit
  6. 11. A type of earned income
  7. 12. Rules used by the IRS to determine who is entitled to claim an exemption
  8. 14. Reduces tax and can be refundable or nonrefundable
  9. 16. Tips assigned to you by employer based on percentage of sales
  10. 17. Taxed later