Translating tax reports and tax records is one of the difficult translation fields due to the nature of the tax industry, which requires accuracy not only in numbers but also in specialized terminology.
To support the translation process of tax reporting documents accurately and ensure requirements, So 1 Translation would like to introduce some specialized tax English terms that need to be noted when translating tax documents and reports:
1- Accrued taxes: accumulated tax arrears (due to unpaid taxes)
2- Adjustments: adjustment items
3- Advocate: tax preparer assistant
4- Amended return: Amended tax return
5- Appeal (noun): complaint, appeal
6- Appeal (verb): appeal; appeal; complaint
7- Appeal rights: right to appeal
8- Appeal rights: right to appeal
9- Applicant: applicant
10- Area code: Area code, phone number by area
11- Assess: assessment, appraisal
12- Indifferent return: late tax return
13- Delinquent tax: unpaid/late taxes
14- Delinquent taxpayer: tax debtor
15- Disclose: present
16- Disclosure: declaration; disclosure
17- Escrow: escrow
18- Examination (of a return): examination/examination (of a tax return)
19- Expire: Expiry/ maturity
20- Failure to pay penalty: failure to pay fines
21- File your return on or before (month,day,year): tax return on or before (day, month, year)
22- Filing of return: tax filing/filing/return
23- For your records: to save in your profile
24- Form: application form: tax return form
25- Franchise Tax Board (FTB): State Tax Board (FTB)
26- Impose a tax: Tax assessment/Taxation
27- Income: income
28-Income subject to tax (taxable income): taxable income
29- Incur (expense): occur, arise (cost)
30- Independent contractor: independent contractor; contractor
31- Internal Revenue Service: Internal Revenue Service
32- Late filing penalty: late tax filing penalty
33- Late payment penalty: late tax penalty
34- E-file: Electronic tax declaration
35- Refund of tax: Tax refund
(To be continued)
