SELF-EMPLOYMENT TAX

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Employees pay Social Security and Medicare taxes (collectively…
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LIMITED PARTNER

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Is a partner whose participation in partnership activities is…
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MARGINAL TAX RATE

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Most think that marginal tax rate is synonymous with tax bracket.…
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ARE YOU REQUIRED TO FILE 1099S?

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Article Highlights: 1099-MISC Filing Requirements Independent…
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MUNICIPAL BOND INTEREST

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A term used for interest received on an obligation issued by…
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MODIFIED ADJUSTED GROSS INCOME

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

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In order to limit the tax benefits of tax shelters, the tax code…
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ORIGINAL ISSUE DISCOUNT (OID)

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