Fair Market Value —
If neither the buyer or seller of an asset is under any undue compulsion to buy or sell, this is the price of an asset that both would agree upon as fair under a current market and economic climate.
Federal Tax Deposit (FTD) —
An employer must deposit payroll taxes (income tax withholding and FICA taxes) including the employers share of the FICA, either monthly or semi-weekly (depending on the amount of tax withheld) with an authorized commercial bank or Federal Reserve Bank.
Freedom of Information Act —
A Federal law that grants citizens of the United States the right to see government documents, including your IRS files. Documents obtained under the Freedom of Information Act often can be used to explain why, how, when and where your IRS problems started and what exactly the timeline of the process was.
Future Income —
The amount that can be collected from your future earnings by the IRS after necessary living expenses have been subtracted from the overall income potential.
