The repayment of a tax credit if requirements were not met by the taxpayer since claiming the credit.


The amount of money you receive back from the IRS when you have paid more taxes (usually through paycheck withholding) than you owe.


A credit which will paid to you as a refund if you owe no tax.


To give information to the IRS, generally by filling out a form.

Resident Alien

A citizen of a foreign country who lives and works legally in the U.S.A. but is not a United States citizen. Resident aliens are subject to U.S. tax laws.

Roth IRA

A special kind of Individual Retirement Account named after Senator William Roth of Delaware. Contributions are not tax deductible, but interest and qualified withdrawals (after reaching retirement age) are completely tax-free.