Tax blogger Kay Bell has collated a range of audit related statistics in her recent post, IRS lets rich off audit hook! The most interesting piece of information for me ... Read More

April 15th is not just the deadline for tax returns to be filed, it is also the day when the first estimated tax payments for 2009 are due. Even if ... Read More

Every so often people overlook a deduction or two. Recently I had a client who didn't realize her student loan interest was tax-deductible. We amended her earlier tax returns to ... Read More

Defrauded investors will be able to claim a deduction for theft losses, according to guidance from the Internal Revenue Service in addressing Ponzi-schemes masquerading as investment funds. The IRS also ... Read More

Every year taxpayers delay their tax refunds, and in some cases lose their refunds altogether, due to incorrect direct deposit information. Unlike other information on the tax return (such as ... Read More

Parents often become accustomed to taking various deductions and credits related to their dependent children. It's good to keep in mind that the tax benefits related to children are gradually ... Read More

The Commissioner of the Internal Revenue Service won't be renewing contracts for outsourcing the collection of taxes to private debt collection services. This program has received intense scrutiny from the ... Read More

Who gets to deduct the mortgage interest and property taxes after a couple splits up? This was the question posed in a recent email from an About.com reader. She explained ... Read More

This year, some taxpayers are able to claim a higher standard deduction for property taxes. This is in lieu of itemizing their deductions. But this deduction is hard to find, as ... Read More