Today's tax question comes from B. Kirker in Florida. She asks: "Hi William, I have not noticed any Honda hybrid vehicles as being eligible for the 2006 income tax credit, ... Read More

Today's tax question comes from an anonymous reader Massachusetts. She asks: "Okay, I'll try to make this as easy to understand as possible. In 2001, I filed both my federal ... Read More

Here's a list of sales tax holidays by state. Various state governments sponsor a day or weekend of shopping with no sales tax. You can find a list of 2006 ... Read More

The Tax Foundation has declared April 26, 2006, as Tax Freedom Day. According to the foundation, "Tax Freedom Day answers the basic question, 'What price is the nation paying for ... Read More

The Internal Revenue Service has certified two more hybrid cars as eligible for the hybrid tax credit. According to the IRS news release, "The tax credit for hybrid vehicles applies ... Read More

Today's tax question comes from Lisa T. in Washington. She asks: "We am getting ready to sell our home to upgrade to another home in our area. We will ... Read More

The Internal Revenue Service has announced that the Special Enrollment Examination will be managed by Thomson Prometric. Thomson Prometric administers other computer-based tests, such as the well-known CPA Exam and ... 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

With tax day over, here's a list of the some important lessons I've learned this year. Check your dependents. Sometimes your child no longer qualifies as a dependent, and ... Read More

TaxAct is offering to file your automatic extension (Form 4868) for free. You can also file an extension using TurboTax and TaxCut, but you will need to pay to use ... Read More

If you are mailing your extension (Form 4868) or your tax return (Form 1040, 1040A, or 1040EZ), make sure you mail the return to the right address. You can find ... Read More

Today is the deadline for paying your first quarter estimated taxes. For a quick way to estimate your tax payment, take your 2005 tax liability (Form 1040, Line 63) and ... Read More

The Internal Revenue Service announced today that taxpayers affected by Hurricane Katrina have until August 28, 2006, to file 2005 and certain 2004 tax returns. "For taxpayers impacted by Hurricane Katrina ... Read More

If you are self-employed, today is the last day for you to establish a SEP-IRA for 2005. If you set-up your SEP-IRA today and if you file an extension, then ... Read More

If you are mailing your extension (Form 4868) or your tax return (Form 1040, 1040A, or 1040EZ), make sure you mail the return to the right address. You can find ... Read More

Today is the last day to make a contribution to your Traditional IRA or Roth IRA and have those funds be considered as made in 2005. This may be your ... Read More

Filing an extension is quick, easy, and painless. All you need to do is print out Form 4868, fill it out, and mail it in. Make sure the extension is ... Read More

The Internal Revenue Service has posted six last minute tips for filing your tax returns as the tax deadline nears. Here's four things you need to do now: Use tax software, ... Read More

Today's tax question comes from P. Martins in Washington. He asks: "I'm a non-resident alien and moved to the US in June 3rd 2005. From Jan 1st to Jun 2nd ... Read More

Today's tax question comes from J.D. in California. He asks: "My parents came to the states two years ago, they have been working since 2004 but they did not make ... Read More

Every Saturday, we'll take a look at the top tax stories in the news. President Bush's Tax Returns Are Made Public President Bush made their 2005 tax return available for public inspection. ... Read More

Today's tax question comes from James in California. He asks: "One of our independent contractors received a 1099 for more than what he actually earned from us. We were supposed to ... Read More

Kay Bell, author of Don't Mess with Taxes, provides a handy list of 10 things to check before you send your tax return. Most of her tips focus on making ... 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: Going out of business Residency rules for CA, ... Read More

You have until April 17th, 2006, to contribute funds to a tax-deductible Traditional IRA or a tax-free Roth IRA. Contributions made by April 17th can be considered as if they ... Read More

Today's tax question comes from Roger C. in Delaware. He asks: "Is easy tax just a Federal filing? Is there a State/Local form? How do I go about filing/claiming interest from my ... Read More

Independent contractors and other self-employed people will need to make their first estimated tax payment on or before April 17th, 2006. Here's what you need to know about estimated taxes. First, ... Read More

Today's tax question comes from D. Duncan. He asks: "In addition to deferring $14,000 in 2005 in a 457 plan, can you also defer in other plans like a 401k ... Read More

Today's tax question comes from A. Linn in Minnesota. He asks: "I'm 17 years old and making around $8000 a year at my partime job. All of my friends ... 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

Today's tax question comes from D. Loyd in Tennessee. He asks: "I have read many articles about the Hybrid (Clean-Fuel) Tax Credit for 2006. I am an owner of a ... Read More

There's a new "phishing" scam designed to trick you into revealing your confidential financial information. Here's what you need to know. The email will say it is from "tax refunds ... Read More

Today's tax question comes from "AratiG" in Texas. He asks: "I have called [a tax professional] in Texas. I talked to him over the phone for 10 minutes and the tax ... Read More

Today's tax question comes from "Focus246". She asks: "Minister receives $2500 per month from congregant. Congregant wanted to assist minister with paying ministers bills. Is the money taxable as ... Read More

Every Saturday, we'll take a look at the top tax stories in the news. Some Tax Preparers Don't Add Up The Washington Post reports on a study conducted by the Government Accountability ... 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: Ownership and Stock Basis in an S ... Read More

Today's tax question comes from Laura B in Georgia. She asks: "For the first time in years, I'm stumped. We sold stock last year (3 companies) and have both losses ... Read More

The Internal Revenue Service has certified nine cars and sport utility vehicles for the brand new hybrid car tax credit. According to the IRS news release, "The tax credit for ... Read More

Today's tax question comes from G. Wu in California. He asks: "Hi, William, My wife and I have owned and lived in my house since 1990. The cost base is about ... Read More

I recently had an opportunity to speak with Richard Braman, founder of the Tax Code Software Foundation, a tax-exempt 501(c)(3) organization. Mr. Braman is developing an open-source platform for tax ... Read More

Today's tax question comes from G.K. in Wisconsin. He asks: "Last year I won considerable money on slot machines at the casino. I actually spent more winning it than I had ... Read More

Today's tax question comes from D. Singleton in Texas. He asks: "Your article SEP, SIMPLE, Retirement Plan Contribution Deduction contains the following quote: 'Limits: Your maximum contribution to a SEP-IRA is ... Read More

Today's tax question comes from Meenu. She asks: "Hello. My husband and I filed for a divorce last year. It will be done in April 2006. I was a homemaker in ... Read More

I routinely work with clients who need to track down missing tax documents, obtain copies of tax returns, and replace other essential personal records. In today's RefDesk newsletter, I found ... 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

Happy April Fool's Day! Just in case you think taxes aren't funny, here's a new web site that reports on tax "news" with humor. Taxalicious provides badly needed comic relief ... Read More

Every Saturday, we'll take a look at the top tax stories in the news. IRS Establishes e-Mail Box for Taxpayers to Report Phony e-Mails The IRS has established a mailbox for reporting ... Read More