Dependents and Filing Status

Backstage Directors in Your Individual Tax Formula

A chess board and a checkers board are identical. Both are made up of 64 tessellated squares that alternate between two colors. You can use the same board for either game. Other than the similarity of the game board, however, the two games are very different. They are governed by different rules that control how the pieces move and where they can go. While the rules of the game are usually unseen during play, their existence is ­continuously felt and the entire outcome of the game is based on them.

In a tax return a similar scenario exists. There are two components ...

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