Filing Taxes
Filing taxes is an annual chore, and the tax code is complicated. Find tax forms and advice you need to file your tax return this year and pay the IRS.
Tax Basics
Latest Tax Filing Articles
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Avoiding an early SEP IRA withdrawal penalty
One man could have avoided paying income taxes if he’d restructured his retirement plan differently.
2 min read Mar 11, 2022 -
What to do if Bush tax cuts expire
You can take some steps to minimize your tax bill should Congress decide not to extend the tax cuts.
7 min read Apr 11, 2022 -
Volunteer vacations let you help others
If you unwind best by working, take a volunteer vacation and get tax breaks, too.
3 min read Jan 24, 2021 -
Maximizing your capital gains exclusion
When figuring your home’s adjusted basis, include its cost and any improvements to the property.
2 min read Mar 15, 2022 -
Choose your tax preparation service wisely
You have a wealth of options when choosing a tax preparer. That means more chances to make a wrong choice.
1 min read Jun 25, 2020 -
Internal Revenue Service offers tax answers
Many taxpayers dread contact with the IRS. But the agency actually offers a lot of free tax help.
1 min read Dec 16, 2021 -
Owe the IRS taxes from years ago
The IRS has 10 years from the date the tax is assessed to collect any unpaid balance.
2 min read Oct 22, 2019 -
How to lower business income and taxes
It’s more profitable for business owners to hire a CPA who can provide alternative tax strategies.
1 min read Aug 04, 2021 -
Tax planning for IRA withdrawals
Since you turned age 59½ you could have taken all the money out of your IRA without paying a penalty.
2 min read Nov 02, 2023 -
Woman ineligible for homebuyer tax credit
Even if you have no ownership interest in your spouse’s home, you cannot get a tax credit.
2 min read Oct 23, 2019 -
5 ways to cut small-business taxes
Hiring family members to help you run your business is one less obvious way you can save on taxes.
1 min read Sep 09, 2021 -
6 midyear tax moves to make
If you wait until the end of the year to think about taxes, you could miss out on some tax breaks.
5 min read Mar 11, 2022 -
Ex cannot claim mortgage interest deduction
Because the ex won’t make house payments, she can’t take any deductions relating to her former home.
2 min read Dec 08, 2020 -
How an S corporation officer gets paid
Adequate compensation for services rendered to an S corporation is a hot-button issue with the IRS.
2 min read Sep 09, 2021 -
How to handle a tax collector
It’s likely that you’ve been contacted by a scam artist rather than an IRS agent, says the Tax Adviser.
2 min read Oct 23, 2019 -
Is depreciation recapture necessary?
A couple who sold rental property wonders what forms they need to recapture depreciation.
3 min read Jun 03, 2021 -
New hires save businesses money
To promote employment, the HIRE Act rewards businesses hiring workers.
2 min read Oct 23, 2019 -
Disclaiming surprise inheritance
Can you be liable for paying taxes on a loan for a policy you’re unaware of?
3 min read Sep 02, 2022 -
Reporting requirements for expatriate American
The threat of an IRS inquiry doesn’t mean ignore foreign bank account reporting requirements.
2 min read Nov 24, 2020 -
Paying tax on elusive inheritance
You shouldn’t pay taxes on inheritance money you never received, explains Bankrate’s tax adviser.
3 min read Feb 08, 2021