When Married Persons File a Joint Return, Joint and Several

question 58

Essay

When married persons file a joint return, joint and several liability results. What does this mean?

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Definitions:

Feeder Funds

Investment funds that aggregate capital commitments from investors into a master fund for investing in specific assets.

Hedge Funds

Investment funds that employ different strategies to earn active return, or alpha, for their investors, often including leverage, short-selling, and derivatives.

Managed Futures

Investment strategies that involve the use of futures contracts as part of a broader investment strategy managed by professional investment managers.

Market-neutral Hedge Funds

Investment funds that seek to generate returns by exploiting price differences between related assets while maintaining a neutral exposure to market movements.