Tax Talk is a board for members to post questions about the technical operation of income tax law in the United States and for knowledgeable members to post answers to those questions.
This board is not a place to discuss tax policy issues such as substitute tax models or the political or economic ramifications of tax law. Such discussions should take place on the Politics and Markets discussion board.
Disclaimer: The tax related content of answers posted on this board represent a general overview of income tax law. Those posts should not be relied upon without an independent, professional analysis of how provisions of federal tax law apply to any specific situation. In particular, none of the tax advice in these posts is sufficient to allow a taxpayer to avoid penalties that may be imposed by federal, state or local law.