TurboTax Premier is highly recommended for its well-written tax interview and easier-to-use navigation. Especially recommended for people who are self-employed or who have rental income. For 2005, TurboTax sports an ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from Kevin N. from Texas. He asks, "I opened my second hair salon business in ... Read More

Once a week we'll take a look at what other About.com Guides are saying about how to manage finances and plan for the future. This week I found these great ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from J.M. in California. She asks, "On my annual W-2 Wage & Tax statement that ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from several readers who have asked me, "What's the best tax software for me?" Which tax ... Read More

I spoke with Anthony Flanagan, the Guide to Buddhism, about how a Buddhist would view his or her tax obligations. Mr. Flanagan talked about the importance of charity, being truthful, ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from Joel S. in Washington. He asks, "I'm a 21 year old student and fall ... Read More

Every Saturday, we'll take a look at the top tax stories in the news. IRS releases tax information for hurricane victims The IRS provides information for the victims of Hurricanes Katrina, Rita, ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from an anonymous reader in California who picked up the phone and called me. I ... Read More

The Tax Message Boards are hopping with questions from all over the world. Join the conversation by taking a peek at these interesting discussions: Roth IRA Contributions when only one spouse ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from K. Cleland in New Mexico. She asks, "I have owned a home for 11 ... Read More

In cooperation with the IRS, nineteen software companies offer their tax preparation software free of charge as part of the IRS Free File Alliance. But there are three main drawbacks. ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from A. Fazzina who asks, "What do I need exactly to bring to an accountant ... Read More

Throughout the tax season I will be answering one tax question per day. Today I will be answering nine questions, all asking pretty much the same question. Can I claim someone ... Read More

Starting with tax year 2005, there are new rules for claiming dependents. This has caused a lot of confusion among tax professionals and taxpayers. I spoke with Kathy Burlison, Director ... Read More

Once a week we'll take a look at what other About.com Guides are saying about how to manage finances and plan for the future. This week I found these great ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from Shawn Knebel. He asks, "I was wondering what box 12 meant on my W-2 ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from R. Rushing in Arkansas. He asks, "I bought a small house just to resell ... Read More

Throughout the tax season I will be answering one tax question per day. Today's question comes from K. Short in Texas. She asks, "Can I find out how much my tax ... Read More

Every Saturday, we'll take a look at the top tax stories in the newspaper, and even some stories that haven't made the news (yet). IRS Setting Tax Breaks for ... Read More

The Tax Message Boards are hopping with questions from all over the world. Join the conversation by taking a peek at these interesting discussions: I hired a homecare attendant. How do ... Read More

Throughout the tax season i will be answering one tax question per day. Today's question comes from P. Cavazos in Texas. He asks, "I need to know what form to fill ... Read More

Every day during the tax season, I'll be answering one tax question. Today's question comes from J. Giertz in Illinois: "I want to know: can my fiance claim my son on ... Read More

Tax season is here! Today the IRS announced the opening of their Free File service. Free File is an alliance of 19 tax software companies. The companies provide their Web-based ... Read More

M. Honorato from California asks, "Can I file for the EIC if my filing status is SINGLE with two dependents, my brother and sister, for this 2005 year?" You might be ... Read More

Most people should wait before filing their taxes. Yes, you heard me right. People should wait. Even though today is supposed to be the first day of e-file, the IRS's ... Read More

The IRS has announced that some taxpayers will need to wait before filing their 2005 tax return. From IRS News Release IR-2006-014: "Following new tax law legislation enacted late in the ... Read More

Once a week we'll take a look at what other About.com Guides are saying about how to manage finances and plan for the future. This week I found these great ... Read More

January 17, 2006, is the deadline for paying your fourth and final installment on your estimated taxes. If you miss the deadline, don't fret. You can still make up any ... Read More

US-based manufacturing, construction, engineering, and software companies get an extra tax break this year. Companies in these industries might qualify for a 3% tax deduction if they manufacture or produce ... Read More

The Internal Revenue Service has released some badly-needed guidance regarding the hybrid car tax credit. The guidance is 14 pages long and deals with a number of issues I have ... Read More

Get ready to prepare your 2005 taxes with these important software programs and books. I have previewed several tax preparation software programs. So far, all programs need important updates to ... Read More

Find important tax figures for 2005, such as the standard deduction, personal exemption, phaseout ranges, and retirement plan limits. Quick Tax Facts

Find critical dates relating to your 2005 taxes. This year's tax deadline is April 17, 2006. The extension deadline is October 16, 2006. Find other important tax deadlines: 2006 Tax Calendar

Here's a highlight of some of the changes in the tax code for the 2005 tax year. 2005 is the year of complex changes in the tax law. Some changes ... Read More

To help taxpayers figure out if they owe any alternative minimum tax, the IRS has introduced a new online tax tool called AMT Assistant. From the IRS press release, The AMT ... Read More

Starting January 1, 2006, employers can now offer their employees a chance to fund Roth 401(k) retirement plans in addition to traditional 401(k) plans. Traditional 401(k) plans offer employees the ... Read More

With the new calendar year comes a new tax year, and new changes to the tax code. Joseph Walloch, CPA, summarizes some of the more important tax law changes ... Read More

Tax law professor Paul Caron has gathered together a top 10 list of tax news from 2005. Among the top stories, Professor Caron selected the Tax Reform Panel's final report ... Read More