Article: Tax experts clarify many common misunderstandings.

Byline: Gretchen Macchiarella

Apr. 3--Tax experts often dread giving general advice because the code is so complex it is impossible to explain.

It's no wonder then that there are so many misconceptions and misunderstandings and so much general confusion among lay people.

The IRS lists seven credits that taxpayers might be eligible for in just one document.

Here are some federal income tax steps that are most often misunderstood.

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!