Tax Center
Some people still call them loopholes. But Congress created tax shelters for economic reasons -- so using them allows you to further a legitimate national goal.
If you made money, the IRS wants some of it, and it doesn't matter whether you made it honestly or were running drugs. Here are income-reporting rules you might not know about.
6 ways to avoid an audit
See typical deductions for your income range -- and what's a red flag.The IRS says refunds will be delayed for filers who erroneously enter the amount of last year's tax rebate in a space on forms intended for the few eligible for an additional credit.
People will tell you lots of things are deductible, and you may be able to write off some. But these 10 ideas are more likely to cost you trouble than save you money.
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Tax Corner: Message Board
Tax CornerJeff Schnepper, tax attorney and author of "How to Pay Zero Taxes," answers reader questions. Post yours in the Tax Corner message board.
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Fast Answers
- If I give property that has gone up in value to my child and then my child sells it, who pays tax on the gain?
- Does existing tax law affect the income levels at which my personal exemptions are phased out?
- What expenses related to owning a home are deductible?
- What are the upsides and downsides of filing taxes electronically?
- Are my Social Security benefits taxable?