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Federal Income Taxation and Tax Regulations

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Federal Income Taxation and Tax Regulations

“Time for everybody’s favorite subject—taxes,” Bart grinned the evil grin again. “Do you want to know what I think of taxes?” At which point he turned away, dropped trou, and showed Shmooge exactly what he thought of taxes.

He laughed at Shmooge’s moue of distaste and continued. “What do you know about individual income tax fundamentals, like capital gains and tax basis, the alternative minimum tax (AMT), corporate, trust, and estate taxes, and gift taxes?”

“Let’s see…an in...

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