A tax auditor is a financial professional who specializes in taxes and evaluates financial records to determine whether they comply with applicable laws and regulations. Tax auditors, applying accounting principles, examine companies, individuals, institutions and organizations for compliance with federal, state and local tax laws.
The Tax Cuts and Jobs Act of 2017 (TCJA) is the unofficial name for the large set of changes to the Revenue Code of 1986, signed into law by President Trump in 2017. TCJA made many large changes across multiple areas of the tax code, including most infamously reducing the corporate tax rate, increasing the standard deduction, and increasing the applicable exclusion amounts for estate taxes.
Tax optimization consists of lowering the amount of tax liability by complying with the tax obligations in force in a given state/country by using the regulations to the taxpayer’s advantage.
Tax registration certificate is a required document for businesses and certain entities to have in order to conduct their activities in a jurisdiction. The tax registration certificate is often a part of or issued alongside a business license. The certificate serves the purpose of confirming the business has been registered for tax purposes and can file its own tax return.
The tender-back rule, also known as the tender-back doctrine, is a rule that is commonly associated with waiver or release agreements in an employment context.
Tender offer is a public offer to buy shares of a corporation, usually at above market price and with the intention of gaining controlling interest in the target corporation.
Testing-the-waters generally means to explore the feasibility of something prior to committing or moving forward.
A third party is a person who is not a principal party. The term third party often refers to someone who is not a party to a dispute or agreement.
See also Federal Rule of Civil Procedure 14 and impleader (third party defendant)
A third party beneficiary is a person benefiting from a contract made between two other parties, where the two contracting parties intended to benefit the third party beneficiary. The third party beneficiary is not a party to the contract, but has rights under the contract since it was made with an intent to benefit them.
A third-party beneficiary is a person who is not a contracting party of a contract but can still receive the benefits from the performance of the contract. The privity of the contract is between the contracting parties - the promisor and promisee. A promisor is a party that makes promises to benefit the third-party beneficiary.
