As tax time nears there are terms every person should know before singing on the dotted line. If you are a person that uses tax services, then you need to speak their language or you may be in a risk of receiving an audit. Remember when you sign the tax documents you are stating that you know and understand everything in the documents, which many do not. Learn these basic terms that are used in the accounting world below.
Adjusted Gross Income: This is the total income that you made minus Learn these basic terms that are used in the accounting world below.