Updated 01/01/18 to reflect new amounts for 2017 tax season Parents with young adult children face a complicated decision when it comes to filing their taxes: should they be claimed as dependents?
Newlyweds have two different options when filing their tax returns, but how do they know which method is best? Follow these six tips.
Don’t be scared of the taxman. Whatever your tax problem, there is a safe resolution. You only need to cooperate and meet the deadlines imposed set by the IRS once you finally make the call.
According to the IRS, you may deduct amounts you spend to 'collect taxable income, to maintain, manage or conserve property held to produce taxable income, or any fees you pay to determine, contest, pay, or claim a refund of any tax.' Here's what qualifies.
There are many tax benefits and credits that military members should be aware of and use.
Deciding what form of business entity to establish should be a thorough process with input from both legal and tax professionals.
The housing market is forecast to heat up this spring as more buyers enter the market, but they should know the tax liabilities of owning a home.
There are many financial transactions that people consider tax deductible that the IRS doesn’t allow.
The IRS allows unemployed workers to deduct their job-hunting expenses, but there are three main rules to follow.
The IRS has outlined new regulations and standards for anyone collecting money for preparing tax returns. But the The Institute of Justice is calling foul.
There is no magic formula that determines which tax returns will get audited, but there are some issues that tend to catch Uncle Sam’s eye.
To help protect consumers, the IRS publishes the most prevalent tax scams each season. Here's a breakdown of five of 2012's "Dirty Dozen tax scams."
From tracking your refund status, to requesting an extension, a wealth of tax help and information can be found online. Here’s where to look.
If you find yourself among the 9% who are unemployed it is important to know what is considered taxable income and what tax benefits you may be eligible for.
If you have a tough tax situation, sorting through the 75,000 pages of tax code to try and figure it out is not easy.
Tax-related scams are becoming more popular and complicated, making it hard for filers to stay protected. Here's how to stay one step ahead of the bad guys.
When you own a small business, it is imperative that you keep a good set of books that are consistently and contemporaneously updated. The tax man will not be satisfied with records that were thrown together at the end of a year.
It’s the new year, which means it’s out with the old and in with the new, and this philosophy should come into play when it comes to your tax record keeping tactics.
Taking these easy tax-planning steps will not only make your life easier come tax season, it could also end up keeping more money in your bank account.
It’s easy for lethargy to set in when it comes to numbers and coughing up more dough and data to the government. But if you haven't filed yet -- here is advice.