From Wikipedia, the free encyclopedia
The
Technical and Miscellaneous Revenue Act of 1988 (TAMRA)
(
Pub. L.
Tooltip Public Law (United States)
100?647
) made corrections to the
Tax Reform Act of 1986
and the
Revenue Act of 1987
. For example: The 1986 Act introduced the "Kiddie" tax, taxing children under 14 on part of their
unearned income
at their parent's top marginal rate, unless the tax at the child's marginal rate would be higher. TAMRA allowed parents to elect to include the unearned income of their children under 14 on their own returns.
Subtitle J of the act is named the
Omnibus Taxpayer Bill of Rights
. This was updated in the 1996
Taxpayer Bill of Rights 2
, and the 1998
Taxpayer Bill of Rights III
.