This web site provides information, not professional advice. Fairmark Press Inc. It is designed to provide accurate and authoritative information in regard to the subject matter covered. In publishing this web site, neither the author nor the publisher is engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. We had to simplify things.
Tax law is complicated.
It's impossible to describe every rule or exception that may apply to every person. You're a citizen of the United States, or considered a resident of the United States for tax purposes. You don't usually pay alternative minimum tax. Except when we talk about trader taxation in our Tax Guide for Traders , we assume that in connection with your financial affairs you're considered an investor, and not a trader or a dealer. Federal tax info only.