April 12, 2012 4:08 pm

Tax Day Can Be Deadly

Certainty used to be defined as death and taxes. Now that definition takes on a whole new meaning. According to a study, car accidents increase on the tax filing deadline by about 6%. This translates into about 13 extra deaths!

What to do: Exercise special caution when driving on April 17th, the filing deadline in 2012. Also, you can stay home and avoid the post office by e-filing your return.

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Tax Glossary

Partnership

An unincorporated business or income-producing entity organized by two or more persons. A partnership is not subject to tax but passes through to the partners all income, deductions, and credits, according to the terms of the partnership agreement.

More terms