Some people are not required to file an IRS tax return because their income falls below a certain amount. However, these same people may be owed an IRS… Read More
The risks for IRS audits have been increasing steadily across all income levels, although the wealthiest Americans face the greatest risk increase for an income tax audit according to data… Read More
There are many ways through which the elderly can reduce their income taxes. Approximately 13% of the U.S. population is over the age of 65, and a large… Read More
Everyone is concerned about identity theft, and tax time can be of particular concern. Identity theft begins when someone gains access to your personal information - most often… Read More
This tax season, you may want to do what millions of people do and hire a tax preparer to help you file your income tax return. To choose… Read More
The 2011 fiscal year tax season will mark more than two decades of the extremely popular and highly successful IRS e-file program. This year, there are more options… Read More
If you are a small business owner who pays independent contractors, service providers and other individuals for freelance or contract work, you are required to issue IRS Form… Read More
The tax deadline to file your 2011 tax return is April 17, 2012. If you are unable to file your return by the due date, in most cases… Read More
There is generally some confusion as to how bonus income is taxed. Many people mistakenly believe that the bonus they receive from their employer during the holiday season… Read More
If you’ve been doing your research on tax credits and deductions, some of the sources that you've come across might mention that you’ll want to watch out for… Read More