Filing taxes is a confusing and complex process begin with for many. Making errors will happen from time to time, however the one thing you do not want to do is understate the income you make. Underreporting earnings is means to get the IRS hopping mad. This gives us a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us an overall transfer pricing taxable income of $76,952. ...