Newlyweds have two different options when filing their tax returns, but how do they know which method is best? Follow these six tips.
Bonnie Lee is an enrolled agent admitted to practice and representing taxpayers in all 50 states at all levels within the Internal Revenue Service. She is the owner of Taxpertise in Sonoma, Calif., and the author of Entrepreneur Press book, "Taxpertise, The Complete Book of Dirty Little Secrets and Hidden Deductions for Small Business that the IRS Doesn't Want You to Know." Her new e-book Taxpertise for the Creative Mind Murder, Mayem, Romance, Comedy and Tax Tips for Artists of all Kinds is available at all major booksellers. Follow Bonnie Lee on Twitter and on Facebook.
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.