Tax Analysis
/ˈtæks əˌnæləsɪs/
Definitions
- (n.) The process of examining financial data and legal provisions to assess tax liabilities and compliance.
The accountant performed a thorough tax analysis to optimize the client's tax obligations.
- (n.) A detailed legal review of tax statutes, regulations, and case law to determine applicable tax treatment.
The lawyer’s tax analysis clarified how the new law would impact corporate taxes.
Forms
- tax analysis
- tax analyses
Related terms
See also
Commentary
Tax analysis is frequently interdisciplinary, involving accounting principles and legal interpretation; precision in terminology is critical to differentiate between financial review and legal reasoning.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.