At some point or another, most taxpayers may have heard that claiming a home office deduction raises an automatic red flag at the IRS that may trigger an audit. However, home office deductions are leg
Receiving a tax notice from the IRS almost immediately incites fear in most taxpayers. First, it's important to understand that there are many types of communication from the government tax agency
A recent ABC News report reveals President Barack Obama declared 89 major disasters in 2011, up from the 81 he declared in 2010. Additional statistics from the National Climatic Data Center reveal the
Alimony payments can be expensive in some scenarios, so many divorcees may question whether these payments can be deducted from their taxes. But the answer is: it depends. There are a number of rules ...
An IRS audit can conjure fear in the majority of Americans and even the tiniest of mistakes can trigger a more skeptical look at taxpayer returns. However, a new pilot program launched by Uncle Sam wi...
The winter holiday season is a time for celebrating and reuniting with friends, family and loved ones, but it's also one of the periods when Americans spend the most money. Although holiday gifts,...
Americans have recently been inundated with reports that they are not saving adequately for retirement, as well as the consequences and ramifications of falling short during their golden years. Althou...
Taxpayers who are struggling to make ends meet may see some additional relief in 2012. The Internal Revenue Service recently announced inflationary adjustments relating to a number of income and estat
Americans usually spend 30 to 40 years building up their retirement funds in order to ensure they have sufficient nest eggs by the time their golden years come around.But recent market volatility has ...
The IRS may have money waiting for you. If you earned income in the last few years but didn't file a tax return because your wages were below the filing requirement, the IRS may have some money ...