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2. These tax moves are most likely to trigger an audit - AOL

   www.aol.com/article/finance/2020/02/28/these-tax...

   In addition, self-employed individuals often don't realize that credit and debit card companies report the total dollar amount of all transactions to the IRS via a form 1099-K, Reams adds.

3. Rate schedule (federal income tax) - Wikipedia

   en.wikipedia.org/wiki/Rate_schedule_(federal...

   To use a rate schedule, a taxpayer must know their filing status and amount of taxable income. [12] Definitions related to one's filing status can be found in IRC § A.2(a-b), and general guidelines regarding taxable income are described in IRC § A.63(a-b). [13]

4. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   The first Form 1040 was published for use for the tax years 1913, 1914, and 1915. For 1916, Form 1040 was converted to an annual form (i.e., updated each year with the new tax year printed on the form). [3] Initially, the IRS mailed tax booklets (Form 1040, instructions, and most common attachments) to all households.

5. Tax Reform Act of 1969 - Wikipedia

   en.wikipedia.org/wiki/Tax_Reform_Act_of_1969

   The Tax Reform Act of 1969 (Pub. L. 91–172) was a United States federal tax law signed by President Richard Nixon on December 30, 1969.Its largest impact was creating the Alternative Minimum Tax, which was intended to tax high-income earners who had previously avoided incurring tax liability due to various exemptions and deductions.

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

7. IRS sending up to $1,400 to 1 million people. Here's who ...

   www.aol.com/irs-sending-1-400-1-215256728.html

   The IRS said it's sending the payments automatically to about 1 million people who filed tax returns and who qualified for the recovery rebate credit yet didn't claim it.