The soon to be released book Lower Taxes in 7 Easy Steps offers an easy-to-read and common sense approach to keeping your taxes at a minimum. Attorney Stephen Fishman provides ... Read More

Halloween is a time for ghosts, goblins, and scary stories. Taxes can be scary too. Tax humorist Taxalicious has found some tax-inspired Halloween videos: Even Killers Pay Taxes, and episode ... Read More

Cost basis is the original price of an asset, such as stocks, bonds, mutual funds, property, or equipment. Cost basis includes the purchase price and any associated purchase costs. Taxpayers ... Read More

The Internal Revenue Service seems to be taking a wait-and-see approach to collecting unpaid taxes for victims of the Katrina hurricane. According to the New York Times, IRS Commission Mark ... Read More

This week's tax question comes from R. McNeal in California. She asks: "My husband and I are getting ready to sell our home. We purchased it in January 2005. ... Read More

The Internal Revenue Service has launched a Web application for making payment arrangements on tax debts. The Online Payment Agreement Application allows taxpayers or their authorized representatives to set up ... Read More

Here's the most frequently requested income tax tips: 2006 Tax Rates - this year's tax rates seems to be at the top of everyone's mind, and is the #1 most requested ... Read More

The Social Security Administration announced its cost of living adjustment for 2007. Social Security and SSI benefits will increase 3.3%. The higher payments will start on December 29, 2006. (Thanks to ... Read More

The Internal Revenue Service announced limited tax relief for victims of the 6.7-magnitude earthquake in Hawaii (Time, USGS). The quake occurred the morning of October 15, 2006, one day before ... Read More

The Internal Revenue Service certified two additional vehicles for the hybrid tax credit. The 2005 Ford Escape sport utility vehicles qualify for tax credits of $2,600 (for the two-wheel drive) ... Read More

Actor Wesley Snipes is running into tax trouble with the IRS. As reported by the New York Times, "A federal grand jury in Tampa, Fla., has indicted the actor Wesley ... Read More

The 2005 tax season is officially over, and here's what tax accountants are doing now. First, we're taking a well-needed rest. Second, we're taking stock of the 2005 season and ... Read More

You can prepare your taxes and electronically file your return for free using one of the IRS Free File websites. The IRS has teamed up with nineteen software companies to ... Read More

Make sure your tax return is complete, accurate before sending it to the IRS. Here's some important things to double-check: Name, address, and Social Security Number: a mistake in this basic ... Read More

The final deadline to file your 2005 taxes is next Monday, October 16, 2006. Here's your best options for finding fast, accurate software to prepare your tax returns: TurboTax Online: Premier ... Read More

The 2007 edition of Peachtree Accounting from Sage Software is thoroughly re-designed and easier-to-use. The heart of Peachtree 2007 is the new Business Status home page. At a glance, Peachtree ... Read More

Intuit has released the 2007 version of their popular bookkeeping software, Quickbooks. The 2007 edition adds some useful features. Quickbooks will now "learn" which account is associated with frequent payments. ... Read More

The final deadline to file your 2005 taxes is October 16, 2006. If you requested an automatic extension earlier in the year, the IRS granted you a 6-month extension. After ... Read More

Kay Bell, the prolific tax journalist over at Don't Mess with Taxes, has posted this month's Carnival of Tax. In her Oktoberfest-themed roundup of tax stories, Ms. Bell informs us ... Read More