Considering filing married filing separate instead of a joint tax return? While married taxpayers generally have the option to file a joint tax return or separate returns, there is also a filing status commonly referred to as married filing separate (MFS). If you are married and you and your spouse are filing separate returns, read …
Alternative minimum tax (AMT)
Do You Understand Tax Lingo?
It helps to understand the tax lingo used by tax professionals when discussing taxes. Reading tax-related articles or trying to decipher tax form instructions can be more than frustrating when you don’t know what the acronyms mean. And it can be next to impossible to understand tax strategies if you are not familiar with the …
Understanding Tax Lingo – A Primer For Beginners
Understanding tax lingo certainly helps when discussing taxes, reading tax related articles or interpreting instructions on your tax return. To fully grasp the meaning of what is being said, it helps to know what the basic acronyms and words being used by tax professionals are. It can be difficult to understand tax strategies if you …
