Taxes

Scored a seasonal job? How it's classified will affect your taxes.

The Affordable Care Act's website might be slowing the rollout of the insurance marketplaces, but that doesn't mean other areas of the reform aren't going into effect. And some Americans are going to have a rude awakening next tax season. 

The time is up for taxpayers who got a six-month extension to the April 15 tax deadline.

Many consumers are unaware that some banks may force scam victims to pay taxes on any money returned. If no money is ever recovered, the bank is forced to report this amount of money to the IRS. 

You can't deduct the down payment as a capital loss, but you can deduct it as an ordinary loss.

Sole proprietors have tax form options when it comes to reporting business income.

The IRS has strict rules surrounding the taxability of gambling winnings. And if you don't play by the rules, the government always wins. 

Investors can boost returns by using asset location strategies and buying tax-efficient funds.

The costs incurred in building a home aren't deductible, but keep track of them for the future.

You'd have to pay income taxes, plus a possible penalty, and your retirement would be at risk.

A flight taken for business purposes is covered under Section 162 of the IRS Code. But nowhere does it say that if you use frequent flier miles to pay for the flight you can deduct the expense -- which means you can't.

The Internal Revenue Service clarifies which small businesses are eligible for tax credits under health reform.

Boomers in retirement no longer have to worry about workplace hassles. But they still have to deal with the taxman. Here’s how to choose the right tax preparer.

Want to put your second home to work? Rent it. Just make sure you know and follow IRS rules.

Uh-oh. You owe taxes, and the IRS put a lien on your home. What are your options?

You'll owe income taxes if you take funds from your IRA to use as down payment on a home.

With more people working from home, it’s smart to revisit and understand the tax rules that apply to avoid a possible IRS challenge. Here’s what experts say taxpayers should know about the new IRS safe harbor provision and advice for claiming home office tax deductions.

Poorly drawn or unfunded trusts can cost you money and endanger your best intentions.

If you refinance a home with a 401(k), tax issues might arise, depending on how it's done.

If you refinance a home with a 401(k), tax issues might arise, depending on how it's done.