Glossary of Tax Terms
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Vacation Home
Voluntary Compliance
A second home used for recreational purposes that may also be rented out at times to others.
Our tax system is based on voluntary compliance - the principle that U.S. taxpayers voluntarily comply with the tax laws and report their income and other tax items honestly.
