What Is a Taxable Entity?
The IRS considers most individuals, married couples and corporations as taxable entities. Taxable entities must file tax returns each year if they have any taxable income. Except for qualified ...Read More
How to Reduce Alternative Minimum Tax
Enacted in 1969, the alternative minimum tax started out as a tool to prevent a small number of high-income earners from paying absolutely no taxes. The AMT eliminates personal exemptions and ...Read More
Tax Treatment of Dividends From Trusts
A trust is a financial entity set up to shelter assets from probate court, or to control the use of funds by a trustee for a specific purpose. The Internal Revenue Service normally taxes dividends ...Read More