Today's tax question comes from Ronnie in New York. He asks: "I was wondering if you would be able to help me find the answer to my question. I did my ... Read More

Ever wonder how your tax dollars are being spent? Jess Bachman (aka "mibi" on deviantART) has created a huge and detailed chart showing just where our tax dollars go, ... Read More

Today's tax question comes from B. Parekh who asks: "I read somewhere you can deduct home repairs? If yes, under which line item is should be entered?" Unfortunately, home repairs are not ... Read More

The tax agencies of five countries are starting to use a Web "spider" to identify businesses earning money on the Internet but not reporting their income. Austria, Canada, Denmark, the ... Read More

Today's tax question comes from "Milton" in Connecticut. He asks: "I completed my 1040 along with all the requisite schedules. Everything was correct and ready for mailing. But... I forgot to ... Read More

We see problems of various sorts at the beginning of the tax season, and this year is no different. Just to be on the safe side, you might want to ... Read More

Today's tax question comes from Melissa in New York. She asks: "I used to work for [a big software company] and participated in the company's employee stock purchase plan. I've since ... Read More

Get an overview of key tax figures for 2006. Quick Tax Facts provides important figures for standard deductions, personal exemptions, phaseout ranges for itemized deductions, and retirement plan contribution limits. ... Read More

Today's tax question comes from P. Williams in Florida. He asks: "I work fulltime and just started a home based business in November. I have not earned any money from this ... Read More

The Internal Revenue Service has issued a warning to taxpayers and tax practitioners about the telephone excise tax refund. The phone tax refund is a refundable tax credit of excise taxes ... Read More

Today's tax question comes from P. Grange in Pennsylvania. She asks: "My husband and I temporarily separated in April and remained separated through the year. He moved into his mother's home, ... Read More

The Internal Revenue Service announced that the due date for all 2006 tax returns will be on April 17, 2007 -- a full two extra days to file our tax ... Read More

Today's tax question comes from T. Smith in Oregon. She asks: "If a baby is born during the tax year but is not 6 mo old at the end of the ... Read More

President Bush will propose a new tax deduction in 2007 State of the Union speech. Bush proposes that all Americans would be eligible for a standard deduction to cover the ... Read More

January is the time for getting ready to prepare your tax return. We gather all our tax documents, get up to date with changes in the tax law, and start ... Read More

Today's tax question comes from Sonya in Washington. She asks: "I just received my W-2 from my job. What else do I need to file my taxes?" What tax documents you ... Read More

Today's tax question comes from "John Doe" in New Jersey. He asks: "I am 26 years old and I have never filed a tax return. This has been eating at ... Read More

Pretty soon you will be receiving your Form W-2, which is one of the most important tax documents you'll need when preparing your tax return. The W-2 reports wages you ... Read More

Today's tax question comes from T. Conant in Montana. She asks: "My boyfriend and I have been living together for about 7 months. My seven year old son and my ... Read More

Social Security numbers were printed on tax forms mailed to taxpayers by the Wisconsin Department of Revenue, a grave privacy breach affecting some 171,000 taxpayers in the Badger State. Taxpayers ... Read More

Today's tax question comes from "Doscaciques" in Texas. She asks: "I need to amend my 2003 taxes. I know the deadline is 3 years, but is that 3 years from ... Read More

The Internal Revenue Service announced the launch of the Free File program for the 2007 filing season. Eligible taxpayers will be able to use free Web-based software to prepare their ... Read More

The Internal Revenue Service announced the beginning of the tax season with the opening of its electronic-filing servers. Starting on January 16th, taxpayers will be able to use free tax ... Read More

National Taxpayer Advocate Nina Olson urged Congress to repeal the alternative minimum tax, to simplify the tax laws, and to eliminate the outsourcing of tax collections to private debt collection ... Read More

The Internal Revenue Service announced that the 2007 Nissan Altima hybrid car is eligible for a $2,350 tax credit. More information: Hybrid Tax Credit | Limitations | Eligible Vehicles | Phase-outs From the IRS: 2007 Nissan ... Read More

Every year I read through the latest tax books to find out which books are truly helpful and informative. This year, book publishers have a particularly difficult task. Publishers sent ... Read More

Kay Bell has posted the ninth edition of her Carnival of Tax, featuring a Don't Mess With Taxes welcome to the 2007 tax season. Ms. Bell has also put the ... Read More

I've updated the tax calendar for all tax deadlines in 2007. As an experiment, I have also added all these dates to a Google Calendar. You can also add these tax ... Read More

You can find links to the most popular federal tax forms and instructions. You'll need to have Adobe's Acrobat Reader installed to view and print these forms.

With the start of the new year comes ... a new tax year! The United States uses the calendar year as its tax year. But some businesses use a fiscal ... Read More