Tax guidance and resources

Latest Articles

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  Is depreciation recapture necessary?

  A couple who sold rental property wonders what forms they need to recapture depreciation.

  3 min read Jun 10, 2010
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  4 ways to spy on your CPA

  What do you know about the guy keeping your books? Here’s how to get the lowdown on your CPA.

  3 min read May 27, 2010
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  New hires save businesses money

  To promote employment, the HIRE Act rewards businesses hiring workers.

  2 min read May 27, 2010
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  Disclaiming surprise inheritance

  Can you be liable for paying taxes on a loan for a policy you’re unaware of?

  3 min read May 20, 2010
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  Reporting requirements for expatriate American

  The threat of an IRS inquiry doesn’t mean ignore foreign bank account reporting requirements.

  2 min read May 18, 2010
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  Paying tax on elusive inheritance

  You shouldn’t pay taxes on inheritance money you never received, explains Bankrate’s tax adviser.

  3 min read May 13, 2010
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  London home sale may be taxed in U.S.

  If a foreigner immigrates to the U.S. and sells his London home, he runs into a tax trap.

  2 min read May 11, 2010
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  Tax exemptions

  What is considered a tax exemption? Read stories about tax exemptions here.

  Apr 28, 2010
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  Last-minute tips for snail-mail filers

  If you’re sending your tax return the old-fashioned way, follow these tips before mailing it.

  4 min read Apr 14, 2010
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  Working abroad and investing in a Roth IRA

  A U.S. citizen in Thailand wonders what is impeding his eligibility to contribute to a Roth IRA.

  2 min read Apr 08, 2010
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  Use refund to pay down debt

  Three out of 10 Americans intend to use their tax refund to pay down debt. Bankrate’s tools can help.

  1 min read Apr 06, 2010
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  Go back five years to recover paid taxes

  Changes in the tax law allow taxpayers to carry back losses up to five years if they elect to do so.

  2 min read Apr 06, 2010
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  How Americans will spend their tax refund

  Bankrate’s exclusive poll reveals that 84 percent of Americans plan to spend their tax refund wisely.

  4 min read Apr 05, 2010
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  7 housing tax laws you don’t want to miss

  If you’re a homeowner or thinking of becoming one, these tax laws could save you money.

  6 min read Apr 02, 2010
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  5 tax breaks for the recession

  If you’ve lost or reduced your income in these hard times, there could be a tax silver lining.

  4 min read Mar 30, 2010
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  Tax losses on the sale of a rental home

  A vacation home that was converted to a rental will be sold at a $100,000 loss. How is it taxed?

  2 min read Mar 30, 2010
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  Getting the most from itemized deductions

  If you’re going to the trouble of taking tax deductions, make sure you don’t miss any.

  4 min read Mar 26, 2010
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  More twists on the homebuyer tax credit

  A couple with a home inside an LLC wants to buy it and claim the first-time homebuyer tax credit.

  2 min read Mar 25, 2010
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  Reporting a foreign bank account

  The IRS penalties are severe if you fail to properly report a foreign bank account.

  2 min read Mar 23, 2010
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  Who pays the taxes on an UGMA?

  One way to transfer assets to grandchildren is with an UGMA. But the annual income is taxable.

  2 min read Mar 16, 2010