MARGINAL TAX RATE

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Most think that marginal tax rate is synonymous with tax bracket.…

ARE YOU REQUIRED TO FILE 1099S?

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Article Highlights: 1099-MISC Filing Requirements Independent…

MUNICIPAL BOND INTEREST

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A term used for interest received on an obligation issued by…

MODIFIED ADJUSTED GROSS INCOME

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Many tax deductions, adjustments and credits are phased out or…

PASSIVE ACTIVITY LOSS

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In order to limit the tax benefits of tax shelters, the tax code…

ORIGINAL ISSUE DISCOUNT (OID)

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Sometimes bonds are issued (sold) at a discount (thus the term…

WORKING ABROAD CAN YIELD TAX-FREE INCOME

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Article Highlights: Tax-Free Income from Working Abroad Foreign…

ADOPTION CREDIT

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Adoptive parents may be able to claim a dollar-for-dollar tax…