Taxes

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.

Not all oversights need to be reported to the IRS, but if it increases your tax liability or changes your return amount, you need to alert the agency. 

Did your paycheck get whacked this year? Adjust your lifestyle to help make up for the loss.

If you are nearly out of options to pay medical bills, using your Roth IRA may be prescribed.

Fired commissioner. Congressional hearings. Scathing tax watchdog report. It has been a terrible week for the IRS. And the tough times won't stop any time soon.

The IRS is asking for $12.9 billion in funds for 2014, a 9% increase from last year, to focus on compliance. What does this mean for taxpayers?

Three years after he passed, his wife receives a 1099-C form for his credit card debt cancellation. Does she have to report this on her income tax return?

Here’s what two experts say they’d like to see cut or reformed in our current tax policy.