US citizens and resident aliens who work in foreign countries are sometimes unaware of the fact they need to still report their income to the Internal Revenue Service, even if ... Read More

Mistakes happen, and mistakes on a tax return can be corrected fairly easily. One person recently emailed to ask, "Hi William, I do not itemize, and recently discovered that I forgot ... Read More

My client received this email today and forwarded it to me. It claims to come from the IRS, and this email has a new twist. Instead of trying to steal ... Read More

I've updated the information on canceled debts and mortgages. Canceled debts are considered taxable income, unless an exclusion applies. There are three important exclusions for insolvency, for bankruptcy, and for ... Read More

I had a lively research project over the weekend. One of my clients was reviewing his annual Social Security statement, the one that lists yearly earnings that are credited for ... Read More

This week we've heard from not just one, but two About.com readers on the forum who are dealing with foreign wages. One is living in Australia, and the other ... Read More

Today is the deadline for nonprofit organizations to file their Form 990 with the IRS for the year 2007. If a church or charity needs additional time to file, they ... Read More

A list of the most frequently asked questions about the economic stimulus rebate has been released by the Internal Revenue. Some of the questions concern when the rebate will be received, ... Read More

If you are wondering what has happened to your tax refund or to the stimulus rebate, you can check their status on the IRS Web site. The IRS has two ... Read More

I certainly think privacy is very important. And tax information in particular ought to remain completely confidential. If for no other reason than it's one less piece of information that ... Read More

I just found out about a new attempt by scammers to steal bank information from taxpayers. Apparently some people are being called on the telephone and asked to verify their ... Read More