While fear is a completely normal reaction, here are three steps every taxpayer should follow if they receive an IRS letter.
Amending a tax return can be very complex. There are many considerations, from determining what is incorrect and what the correct information should be, to knowing what forms to attach, to making sure the state return is amended correctly and timely.
While April 15 is commonly accepted at "tax day," for many taxpayers and especially small business owners, freelancers and self-employed professionals, there are other important "tax days" to keep in mind.
It's 364 days until most Americans will once again face a deadline to file their taxes, but Teresa Warmke already has a plan for Tax Day 2014: She's g...
Filing a tax return extension can remove the failure-to-file penalty, which is the larger penalty on a monthly basis, but it will not remove the failure-to-pay penalty.
Even though it may seem odd, tax season is actually a perfect time to teach our children about gratitude. Doing so is critical, because our culture does not reinforce it.
If you're planning to file an extension because you might owe taxes, you should know that an extension only extends the deadline for the forms to be filed. It is not an extension to pay your any taxes you owe.
Most taxpayers assume that those who get the most money back are homeowners, business owners, and non-profit organizations. But lo and behold, renters are a strong competitor! Most of them just don't know it yet.
Life changes are applicable to just about every taxpayer, and that's where you should look to get the most out of your tax return.
We all have to pay taxes and no one wants any trouble. Follow these three simple rules and you'll reduce your chances of grief from the IRS:...
I found myself saying, "I can't believe we have to send that much of our money to the government."
Edvard Munch’s “The Scream” recently sold for $120 million at an auction conducted by Sotheby’s in New York. One of four painted or pastel ver...
NEW YORK (CNNMoney) -- It's a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it's not ...
Whether you are filing an EZ form, fighting an IRS penalty, undergoing an audit or just beating the April 17, 2012 deadline, these tips will help you put your best leg forward on the path to financial freedom.
If you're worried you won't be able to pay your income taxes by this year's April 17 filing date, don't panic; but don't ignore the deadline and certainly don't wait for the IRS to reach out to you first.
For the well-off, this could be the best tax day since the early 1930s: Top tax rates on ordinary income, dividends, estates, and gifts will remain at...
Don't fight higher taxes, Rich People; pay them. Just tell yourself you're giving it away to a poor relation. After all, Uncle Sam is family.
If you think paying taxes is unfair, illegal or unconstitutional, then watch out -- the Justice Department is after you. Just as the Internal Revenue...
Wesley Snipes made millions playing a half-man, half-vampire in the "Blade" trilogy, but believed he didn't have to pay any federal income taxes, acco...
Tax Day is less than a week away, which means if you still haven't filed your income tax forms, it's crunch time! But don't sweat. We've created this ...
