PASSIVE ACTIVITY LOSS
In order to limit the tax benefits of tax shelters, the tax code…
ORIGINAL ISSUE DISCOUNT (OID)
Sometimes bonds are issued (sold) at a discount (thus the term…
WORKING ABROAD CAN YIELD TAX-FREE INCOME
Article Highlights:
Tax-Free Income from Working Abroad
Foreign…
PRINCIPAL RESIDENCE
A taxpayer can exclude up to $250,000 ($500,000 for married taxpayers)…
PRIVATE ACTIVITY BOND
Generally, interest from municipal bonds issued by a state or…