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Simple English definitions for legal terms

tax-anticipation bill

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A quick definition of tax-anticipation bill:

A tax-anticipation bill is a type of short-term loan that the U.S. government uses to manage its cash flow. It helps the government pay for things it needs to do before it receives all of its tax revenue. Companies can also use these bills to pay their taxes. They can buy the bills at their face value and use them to make quarterly tax payments. Tax-anticipation bills are also known as TABs.

A more thorough explanation:

A tax-anticipation bill is a type of short-term debt issued by the U.S. Treasury to help the government manage its cash flow needs. These bills are typically issued in anticipation of future tax revenues that the government expects to receive.

Corporations can use tax-anticipation bills to make quarterly tax payments. They can tender these bills at their par value, which means they can use them to pay their taxes without having to pay any additional fees or interest.

For example, let's say a corporation owes $10,000 in taxes for the quarter. Instead of paying the full amount in cash, they can purchase a tax-anticipation bill from the U.S. Treasury for $10,000. They can then use this bill to pay their taxes without incurring any additional costs.

Tax-anticipation bills are a useful tool for the government and corporations to manage their cash flow needs. By issuing these bills, the government can ensure that it has enough money to meet its obligations, while corporations can use them to pay their taxes without having to tie up their cash reserves.

tax accounting | tax-anticipation note

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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