July 8, 2016 9:32 am

Now that you've completed your 2015 tax return, take time to review the experience so you can improve your tax filing next year. Actions you take now can reduce your stress, minimize your tax payments...

July 8, 2016 9:28 am

Report the interest from these loans as you would report any other type of interest income. Depending on the amount of your interest, you may enter it directly on your return or need to complete Sched...

July 8, 2016 9:25 am

Yes. The big question is how much income do you have to report? Likely you'll receive Form 1099-MISC or other information return listing the value of the car that the IRS wants you to report as income...

July 8, 2016 9:18 am

Attorney's fees to produce taxable income are deductible. Since part of the disability payments is included in gross income, part of the attorney's fees is deductible. However, you treat them as a mi...

June 24, 2016 10:59 am

Yes. IRAs are taxed on unrelated business income. This may be received if your IRA holds an interest in a master limited partnership (MLP). This income is reported to an IRA owner on Schedule K-1 and ...

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July 8, 2016 9:32 am

Now that you've completed your 2015 tax return, take time to review the experience so you can improve your tax filing next year. Actions you take now can reduce your stress, minimize your tax payments...

June 24, 2016 10:59 am

Your federal income taxes are the basis on which you can obtain student loans, get a mortgage, or obtain financing for a small business. Depending on the reason for the information, you may need to fu...

June 10, 2016 11:59 am

Tax-related identity theft results when someone uses your Social Security number to file a tax return and obtain bogus refunds. When a return is filed under your name, the processing of your return is...

May 26, 2016 11:43 am

Gambling—legal and illegal—is widespread. For example, according to the Fantasy Sports Trade Association, it is estimated that 56.8 million people in the U.S. and Canada participated in fantasy fo...

May 17, 2016 11:23 am

If you work, you can contribute to a Roth IRA, but only if your modified adjusted gross income is below set limits. What happens if you contributed to a Roth IRA during 2015 (for the 2016 tax year) bu...

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December 9, 2015 10:12 am

There are about $173 billion in U.S. savings bonds outstanding. This makes this type of investment one of the largest assets held by individuals. Savings bonds enjoy certain special tax treatment. Her...

December 2, 2014 8:30 am

A new tax year is set to dawn shortly and recently released cost-of-living adjustments can help you plan for 2015. Due to low inflation, increases in the tax brackets and other tax items are minimal; ...

November 18, 2014 8:30 am

This year has been a bumpy ride on Wall Street, with dramatic swings up and down. Now is a good time to review your retirement account and your personal portfolio. While changes you make in your retir...

November 4, 2014 8:30 am

Medicare is a government health program primarily for the 49 million Americans age 65 and older. Those covered by Medicare are deemed to have minimum essential health coverage as required by the Affor...

October 21, 2014 8:30 am

Concerned about care if you should experience a chronic condition or just old age requiring assistance for your daily living activities? You should be, because the cost of long-term care—in your hom...

More Stories
July 8, 2016 9:28 am

Report the interest from these loans as you would report any other type of interest income. Depending on the amount of your interest, you may enter it directly on your return or need to complete Sched...

July 8, 2016 9:25 am

Yes. The big question is how much income do you have to report? Likely you'll receive Form 1099-MISC or other information return listing the value of the car that the IRS wants you to report as income...

July 8, 2016 9:18 am

Attorney's fees to produce taxable income are deductible. Since part of the disability payments is included in gross income, part of the attorney's fees is deductible. However, you treat them as a mi...

June 24, 2016 10:59 am

Yes. IRAs are taxed on unrelated business income. This may be received if your IRA holds an interest in a master limited partnership (MLP). This income is reported to an IRA owner on Schedule K-1 and ...

June 24, 2016 10:59 am

If the value of your wife's estate, including not only probate assets but also IRAs, life insurance owned by her, annuities, and jointly owned property, is more than an applicable threshold ($5.43 mil...

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May 22, 2012 1:24 pm
IRS Announces More Flexible Offier-in-Compromise Terms to Help a Greater Number of Struggling Taxpayers Make a Fresh Start, From IRS.gov, 5/21/12
April 23, 2012 10:21 am
Federal Circuit dismisses refund suit based on all-zero returns, From Journal of Accountancy, 4/20/12
April 18, 2012 10:17 am
What's the Most Ridiculous Thing You've Heard This Tax Season?, From CPATrendlines, 4/16/12
April 17, 2012 10:48 am
Celebrities are often in debt to the tax man, From USA Today, 4/17/12
April 11, 2012 11:03 am
Study finds tax deadline day can be deadly on roads, From Foxnews.com, 4/10/12
More Stories
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2016 Tax Supplements

The 2016 e-supplements for these titles are now available!

  • Your Income Tax 2016
  • 1001 Deductions and Tax Breaks 2016
  • Small Business Taxes 2016

Click here to download your FREE supplements.

View Prior Year Supplements.

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“We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.”— Sir Winston Churchill