Part of our increasingly complicated Federal income tax structure is a myriad of acronyms and abbreviations. Understanding the meaning of the more frequently encountered terminology can lead to a better comprehension of the complex tax situations that a taxpayer might encounter.
This section explains some common terminology and provides an overview of their application.
Maria C. McMullen, CPA, LLC • 28 Scarlet Tanager • Nellysford, Virginia 22958 Phone: 434-361-2330 • Fax: 434-361-1974