What is an adoption tax credit? An adoption tax credit is tax credit offered to adoptive parents to encourage adoption. If you are adopting or planning to adopt a child
Hiding income offshore, identity theft and return preparer fraud topped the IRS’s list of tax scams in 2011. The Internal Revenue Service issues an annual list of the top 12
There is no doubt that good record-keeping will help you remember the various transactions you made during the year, which in turn may make filing your return a less taxing
Video: Last-Minute Tax Tips: English For this and other videos, see: YouTube/IRSVideos WASHINGTON — Are you unable to complete and file your federal individual tax return by the April 18
The tax filing deadline is just around the corner. The IRS offers 10 tips for taxpayers still working on their tax returns: File Electronically IRS e-file: It’s safe. It’s easy.
It does not matter if you do your income taxes yourself or if you pay a professional to file your taxes. At the end of the day you will receive
Taxpayers who owe taxes may be relieved to know that there are some options for those who owe and can’t afford to pay the full amount right away. However, you
There are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime
If you give someone money or property during your life, you may be subject to the federal gift tax. Most gifts are not subject to the gift tax, but the
The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction,