thisMatter.com › Money › TaxesIncome Taxes The tax code is complex because it is unfair. — wcsGross Income, Adjusted Gross Income (AGI), and Modified Adjusted Gross Income (MAGI)Tax Formula to Determine Taxable Income from Gross IncomeTax WithholdingEstimated Tax PaymentsTax Penalty for Underpayment of TaxWages, Salary, And Other CompensationTaxation of Fringe BenefitsFringe Benefits: Health And Accident Coverage, Flexible Spending Arrangements, Health Reimbursement Arrangements, Access Rules And COBRA CoveragePensions and Annuities TaxationOther IncomeAdditional Medicare TaxKiddie TaxTaxation of Alimony, Separate Maintenance Payments, and Child SupportImputed Interest On Below-Market LoansTaxation Of Social Security Benefits and Tier 1 Equivalent Railroad Retirement BenefitsTaxation of Gambling IncomeAlternative Minimum Tax (AMT) for IndividualsTaxation of Employee Stock OptionsTaxation Of Restricted Stock CompensationTaxation of Canceled Debt, Including Foreclosures and Short SalesTax Consequences of Abandonments, Foreclosures, Repossessions, Voluntary Conveyances, and Bad Debts for the LenderTax AttributesTax Benefits for Military PersonnelTax-Exempt EntitiesProperty Sales and ExchangesTax BasisProperty SalesHome Sale Exclusion: Tax Savings on Capital Gain of a Principal ResidenceInstallment Sales TaxationTax-Free Like-Kind Exchanges Of Property (§1031 Exchanges)Tax-Free ExchangesTaxation of Involuntary ConversionsForeign IncomeForeign IncomeForeign Earned Income ExclusionForeign Tax CreditExpatriation TaxUnited States Taxation of Nonresident Aliens and Foreign Corporations