Examlex
When separate income tax returns are filed by married taxpayers, one spouse cannot claim the other spouse as an exemption.
Financial Trouble
A situation where an individual or organization struggles to meet financial obligations due to insufficient funds or mismanagement.
Internal Revenue Code
The comprehensive body of tax laws and regulations governing the United States federal tax system.
False Return
A tax return that contains information that is knowingly incorrect, misleading, or incomplete.
Liability
A responsibility or obligation, legal or financial, that arises during the course of business operations.
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