 | | Fellow Investor, 6.1 billion hours…that's how much time Americans spend preparing taxes every year.
Our tax code is so complicated that it takes us over 8,000 lifetimes just to figure out how much money we owe Uncle Sam. Not only that, according to the National Taxpayer Advocate, the existing tax code has reached nearly four million words.
How do you even begin to wrap your head around that complexity?
So, we asked our resident tax expert Kelly Phillips Erb to demystify a better part of our convoluted tax system—in plain English. In this week's special report Forbes Ultimate Guide to Taxes in 2015: An A–to–Z Guide to Demystifying Taxes, she's done just that. Download your free report and finally get clarification on 26 frequently misunderstood terms you'll likely see on your tax forms and statements and less in the headlines. If you're wondering whether you can claim wardrobe expenses or whether to deduct a capital loss, this is one report you don't want to miss.
I can't promise you'll finally figure out what all those 4 million words mean, but I can assure you that you'll spend far fewer hours preparing your taxes.  Sincerely,
Charles Morgan, Associate Publisher Forbes Newsletters | | |
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