2 ms·
Thank you. That is useful. I had, perhaps foolishly, assumed that the tax law would be an unambiguous logical tree at least for non-corporate taxes.
by pthreads 9y ago
Thank you. That is useful. I had, perhaps foolishly, assumed that the tax law would be an unambiguous logical tree at least for non-corporate taxes.
- greenyoda 9y agoThis year I was helping a friend figure out how to report OID income from a contingent payment debt instrument (this sounds like something esoteric, but it comes from a CD sold to her by an investment advisor at her local bank). Trying to understand the IRS's explanation of this is a world of pain, since it reuses concepts that were designed for a completely different purpose, and they flat out tell you that the number reported on your 1099 form may not be the right number to report on your tax return.