Are you participating in an employer-sponsored retirement plan? If your company has one, consider yourself fortunate. But if you’ve been ignoring whatever your company is offering, this year make a resolution to get the facts.
A good retirement...
The research credit is like the cat with nine lives…except it’s more. This credit, which technically expired after 2013, was just reinstated by the Tax Increase Prevention Act (TIPA) retroactive to January 1, 2014. By last count, it’s the 16th...
The American Institute of CPAs is urging top tax lawmakers in the U.S. Congress and Senate to give the IRS the authority to grant relief in appropriate situations when taxpayers miss a statutory deadline or make an error in making an election.
Gambling losses aren’t completely tax-deductible on their own, but you can write off losses up to the amount of your winnings. Those winnings are taxed at ordinary income rates reaching as high as 39.6% on the federal level.
It's tax season and, of course, that means searching for numerous forms, schedules and instructions needed to file taxes by April 15 (or at least an extension). This list of common IRS tax forms below are here to make it easy.
It's tax season, and Americans dread doing their taxes. On the other hand, it's tax season, and millions of Americans will soon be anxiously awaiting their income tax refunds. But they need to avoid the scammers.
During the address, Obama briefly outlined his objectives for closing some of the biggest tax loopholes for the wealthy and redirecting benefits to the middle class., changing the Capital Gains tax, a second-earner credit, dependent care credit, and ...
More than nine out of ten Americans don’t condone cheating on their income tax returns (at least that’s what they say). But that doesn’t mean the public approves of the way the IRS is treating taxpayers.
The tax would apply to annual profits above $25,000 for individuals and $50,000 for married couples. It would exempt profits from retirement accounts and most home sales, as well as timber and livestock sales.