People often ask if the husband, or wife, can claim the other spouse as a dependent. The following scenario that was emailed to me pretty much outlines the basic situation: "My ... Read More

Cell phones provided to employees may soon be a tax-free transaction, if the IRS gets it's way. Doug Shulman, the Commissioner of the IRS, is urging Congress "to make clear ... Read More

The Electronic Tax Administration Advisory Committee, a fourteen-member panel that advises the IRS, has presented its 2009 annual report to Congress (pdf file, 27 pages). In their report, the committee ... Read More

Updated 6/25/2009 due to a second set of frequently asked questions published by the IRS. The Internal Revenue Service is in the middle of a crackdown on US citizens who haven't ... Read More

The federal government might give you cash to trade in your existing car or truck for a newer, more fuel-efficient vehicle. The Consumer Assistance to Recycle and Save Act (part ... Read More

Americans who have financial accounts in other countries need to file a special foreign bank account report with the US Treasury Department by June 30, 2009. Both individuals and businesses ... Read More

June 15, 2009, is the deadline for a number of tax filings and payments. Estimated payments are due for the second quarter. Individuals living abroad need to file their tax returns and ... Read More

Obama has appointed Paul Volcker to head a panel that will make recommendations for reforming our nation's tax laws. Volcker is also the head of the President's Economic Recovery Advisory ... Read More

Doug Shulman, the current commissioner of the Internal Revenue Service, plans to make recommendations for regulating tax preparers. Normally, a plan to make recommendations isn't by itself newsworthy. But with ... Read More

Are you self-employed? You may be eligible to get some extra deductions by contributing to a retirement plan designed for self-employed people. Unlike regular and Roth IRAs, which have an ... Read More