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
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
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
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,
Taxpayers who need certain prior year tax return information can obtain it from the IRS. Here are nine things to know if you need federal tax return information from a
If you are in business for yourself, or carry on a trade or business as a sole proprietor or an independent contractor, you generally would consider yourself self-employed and you
Direct Deposit is the fastest, safest way to receive your tax refund. An e-filed tax return means a fast refund. Taxpayers who combine e-file and Direct Deposit can get their