Contrary to what many self-employed individuals believe, long-standing regulations usually prohibit most of them from claiming bad-debt deductions on their federal and state returns when they are unable to recover amounts due from clients and customers.

Think you have tax troubles? Jacynthia Quinn probably has more. A U.S. Tax Court judge recently slapped her with a civil fraud penalty of more than...

Out of the 3.9 million households that reported an adjusted gross income of $200,000 or more in 2009, more than 10,000 households paid nothing in taxe...

On his April 27 broadcast, while challenging whether the Mormon Church is a charity, Bill Maher told viewers that donating to the arts also does not qualify as charitable giving, because "unlike food and water, access to Mozart is not a basic human necessity."

Your goal should be to receive little or no tax refund next year. Better to use that money throughout the year to pay down credit card balances or other debt, build emergency savings, beef up your retirement plan contributions or invest it.

If you're like me, and putting off finishing your taxes until the last minute, you can at least be thankful that we have until April 17th this year to file. I turned to Lisa Greene-Lewis, a CPA and the Turbotax Blog Manager, for advice.

We're not supposed to toot our own horns when we give, but change that way of thinking when it's tax time. Take credit for doing good! Don't forget to count the cost of driving to and from the place you volunteer, and don't undervalue that bag of clothes you donated to Goodwill.

Top Ten List of ways to save on taxes that you may not have taken advantage of before.

If you're an entrepreneur or small business owner you are most likely working out of your home. Your home office can be a much-needed tax deduction.

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.

With all the donating we do throughout the year, how do we know what's deductible, how much of it can we write off of our taxes, and what records do we need to support it?

Bet you didn't know that you can deduct body oil from your taxes. Well, that's only if you're a bodybuilder -- it's a legitimate work expense!

NEW YORK -- Mortgage interest is just the beginning. Owning a home can provide some significant advantages when it's time to file your federal tax re...

Every year during tax season, scam artists try and break off a piece of Americans' tax payments. "Scam artists will tempt people in-person, on-lin...

It's tax season and chances are you're confused. We all are. The federal tax code is more than 70,000 pages or 3.7 million words long. Every year the ...