The fee to set up an installment agreement to pay off tax debts is increasing. The new user fees will be: $52 for direct debit installment agreements, where payments are deducted ... Read More

Taxpayers of all types can benefit from hiring a tax accountant. But before you spend your hard-earned cash, here's some simple steps you can take to protect yourself, to find ... Read More

Apparently the IRS has made auditing self-employed individuals a top priority. My friend and colleague Mark Minassian, CPA, shares this inside tip: "In a recent telephone conference, IRS commissioner Mark ... Read More

The Internal Revenue Service issued instructions for how taxpayers can claim various tax breaks that were extended under the Tax Relief and Health Care Act of 2006. Taxpayers claiming the ... Read More

More and more taxpayers are subject to the Alternative Minimum Tax. The AMT is a secondary tax system designed to prevent high-income taxpayers from taking too many tax deductions. My ... Read More

Kay Bell, the host of the monthly Carnival of Tax, has posted a Christmas-themed bonus carnival filled with 17 tax-saving stocking stuffers. The tax bloggers have focused on great ideas ... Read More

Health Savings Accounts have become a little more attractive because of the Tax Relief and Health Care Act. HSAs combine a savings account with a high-deductible health insurance plan. "Money ... Read More

Congress extended several tax deductions that expired at the end of 2005 in the Tax Relief and Health Care Act of 2006. The Internal Revenue Service has a plan in ... Read More

The Tax Relief and Health Care Act of 2006 (H.R. 6408) extends a number of tax breaks that had expired at the end of 2005. The bill now goes to ... Read More

Here's twelve simple things you can do before the end of the year to keep your income taxes as low as possible. Boost Your Tax Deductions 1. Make an extra mortgage ... Read More

The Internal Revenue Service announced major improvements to their popular FreeFile program. For the 2007 filing season, the IRS said, "Taxpayers who earn $52,000 or less will be able to ... Read More

Microsoft has released previews of their latest small business accounting software, called Office Accounting 2007. I've had the software for a couple of weeks now, and it's pretty easy to ... Read More

Kay Bell has posted the seventh edition of her monthly Carnival of Tax over at Don't Mess With Taxes. This month, Ms. Bell has rounded up several tax tips for ... Read More