itemized account - translation to English
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itemized account - translation to English

ELIGIBLE EXPENSE THAT INDIVIDUAL TAXPAYERS IN THE UNITED STATES CAN REPORT ON THEIR FEDERAL INCOME TAX RETURNS
Itemized deductions; Itemize; Itemized

itemized account      

существительное

бухгалтерский учет

детализированный счет (счет с детальным перечислением операций и бухгалтерских проводок)

синоним

detailed account

itemized account      
детализированный счёт; счёт с детальным перечислением операций [бухгалтерских проводок]
control account         
ACCOUNT IN THE GENERAL LEDGER FOR WHICH A CORRESPONDING SUBSIDIARY LEDGER HAS BEEN CREATED, ALLOWING FOR TRACKING TRANSACTIONS WITHIN THE CONTROLLING ACCOUNT IN MORE DETAIL
Control Account; Control account

бухгалтерский учет

синтетический [контрольный] счет (на котором учитываются суммированные данные с индивидуальных (аналитических) счетов; сальдо по данному счету должно совпадать с суммой остатков по соответствующим вспомогательным (аналитическим) счетам)

синоним

controlling account

антоним

subsidiary account

Смотрите также

debtors ledger control account; creditors ledger control account; cost ledger control account; stock control account; account; general ledger

Definition

checking account
(checking accounts)
A checking account is a personal bank account which you can take money out of at any time using your cheque book or cash card. (AM; in BRIT, usually use current account
)
N-COUNT

Wikipedia

Itemized deduction

Under United States tax law, itemized deductions are eligible expenses that individual taxpayers can claim on federal income tax returns and which decrease their taxable income, and is claimable in place of a standard deduction, if available.

Most taxpayers are allowed a choice between the itemized deductions and the standard deduction. After computing their adjusted gross income (AGI), taxpayers can itemize deductions (from a list of allowable items) and subtract those itemized deductions from their AGI amount to arrive at the taxable income. Alternatively, they can elect to subtract the standard deduction for their filing status to arrive at the taxable income. In other words, the taxpayer may generally deduct the total itemized deduction amount, or the applicable standard deduction amount, whichever is greater.

The choice between the standard deduction and itemizing involves a number of considerations:

  • Only a taxpayer eligible for the standard deduction can choose it.
  • U.S. citizens and aliens who are resident for tax purposes are eligible to claim the standard deduction. Nonresident aliens are not eligible.
  • If the taxpayer is filing as "married, filing separately", and his or her spouse itemizes, then the taxpayer cannot claim the standard deduction. In other words, a taxpayer whose spouse itemizes deductions must either itemize as well, or claim "0" (zero) as the amount of the standard deduction.
  • The taxpayer must have maintained the records required to substantiate the itemized deductions.
  • If the amounts of the itemized deductions and the standard deduction do not differ much, the taxpayer may take the standard deduction to reduce the possibility of adjustment by the Internal Revenue Service (IRS). The amount of standard deduction cannot be changed following an audit unless the taxpayer's filing status changes.
  • If the taxpayer is otherwise eligible to file a shorter tax form such as 1040EZ or 1040A, he or she would prefer not to prepare (or pay to prepare) the more complicated Form 1040 and the associated Schedule A for itemized deductions.
  • The standard deduction is not allowed for calculating the alternative minimum tax (AMT). If the taxpayer claims the standard deduction for regular income tax, he or she cannot itemize deductions for the AMT. Thus, for a taxpayer who pays the AMT (i.e., their AMT is higher than regular tax), it may be better to itemize deductions, even if it produces a result which is less than the standard deduction.

Deductions are reported in the tax year in which the eligible expenses were paid. For example, an annual membership fee for a professional association paid in December 2009 for year 2010 is deductible in year 2009.

The United States has a comparatively large and complicated number of deductions owing to policy makers preference to pass policy through the tax code.

What is the Russian for itemized account? Translation of &#39itemized account&#39 to Russian