Tax News

Healthcare is becoming more expensive, and mounting medical debt remains the No. 1 cause of bankruptcy in the U.S. But health tax cuts can save families money on their medical bills each filing season, putting them in a better financial position. According to the results of a recent study, more than...
Posted On: 9/20/2010
The U.S. Government Accountability Office recently reported that identity theft rates have skyrocketed over the last three years. In fact, in 2010 alone, the IRS identified more than 245,000 identity theft incidents that affected the tax system. While those with tax problems caused by identity theft...
Posted On: 7/26/2010
Some homeowners struggling under the financial burden of their mortgage may consider a short sale to get out from under debt. This has a been a viable option for millions of Americans, but financial professionals urge consumers to understand the tax implications of this action.
Posted On: 7/23/2010
Business owners who are accustomed to using Federal Tax Deposit coupons will have to start making electronic deposits next year as part of an effort by the U.S. Treasury Department to save money and cut down on paper use.
Posted On: 4/21/2010
Financial experts frequently advise younger workers to open IRA accounts or to take advantage of employer-provided retirement programs as soon as possible so they can get a head start on their savings. For those who do follow such advice, there can be benefits at tax filing time as well as a more co...
Posted On: 4/1/2010
Millions of taxpayers are headed into the current filing season having spent at least part of last year collecting unemployment benefits.
Posted On: 3/23/2010
Taxpayers everywhere have heard commercials on radio and television urging them to donate their cars to charity in order to receive a deduction when filing season comes around.
Posted On: 2/1/2010
People who take certain steps to save money for future health costs may find that they can receive certain benefits at tax filing time.
Posted On: 1/27/2010
People who have a Roth IRA may want to pay close attention to government regulations retiring the popular retirement accounts as tax filing season approaches.
Posted On: 1/5/2010
The arrival of the new year saw a variety of different laws taking effect from state to state, touching on issues like smoking and texting while driving.
Posted On: 1/5/2010