The US Department of Justice has indicted eight former partners of KPMG of conspiracy to defraud the federal government. The DOJ alleges that the partners helped wealthy customers "evade billions ... Read More

With less than a month to go, people who have signed up to take the upcoming Special Enrollment Examination should be studying and reviewing. I initially recommended an 160-hour study ... Read More

The Minnesota Department of Revenue is offering a limited-time tax relief program for people and businesses who participated in tax shelters. This applies to anyone who participated in a registered ... Read More

President Bush signed into law the Energy Policy Act of 2005, providing over $14.5 billion in tax breaks for businesses and consumers. According to Mark Luscombe, principal federal tax analyst ... Read More

Teachers should save their receipts for any back-to-school supplies they buy for their classes. Teachers can claim a tax deduction for classroom supplies of up to $250 per year, and ... Read More

About two percent, or fewer, of estates pay estate taxes. Yet, the estate tax brings in about $70 billion in tax revenues. Currently the estate tax effects estates valued ... Read More

Monday, August 15, 2005, is the last day to request an additional extension of time to file your tax return. Please fill out Form 2688, and drop it off at ... Read More

Dear Tax Guide, Where can I find out if I filed a return for 2002? Can I still get a refund if I file now? Dear Reader, Yes, you can still file ... Read More

Back-to-school season is a great opportunity to go shopping, get organized, and focus on learning new things. But going back to school may also mean important tax breaks. For starters, you ... Read More

The next deadline to file your tax return is Monday, August 15, 2005. Follow these 11 Steps to a Finished Tax Return for an organized approach to gathering documents and ... Read More

When starting a new business, you need to carefully draft various agreements, such as agreements between business partners, employment contracts, and financial documents. You also need to write your articles ... Read More

The Internal Revenue will close its once-popular TeleFile service after August 16, 2005. People could use TeleFile to file their 1040EZ, 4868 (automatic extension), and 941 (payroll) forms. According to ... Read More

Filing an extension will get easier starting in 2006. The Internal Revenue Service has released a draft version of the new Form 4868, Application for Automatic Extension (PDF format). The ... Read More

Parents can claim a tax credit based on expenses for childcare expenses. This can be a real boon for working parents. However, you will need the name, address, and taxpayer ... Read More

Dear Tax Guide, My husband and I bought our house in March 2004 at price of $520,000. Now, we plan to get a divorce, maybe around October 2005. The price ... Read More