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Thanks to confusing and often misunderstood rules surrounding child-care tax breaks, the author has overpaid Uncle Sam to the tune of $1,000, missing out on $200 in tax savings each year for the past half-decade. Read on to avoid her mistake -- unless you enjoy filing mounds of amended returns.
Don't say they didn't warn you. The IRS just issued its annual "Dirty Dozen" Tax Scams report, a list of frequently-used frauds that cheat honest taxpayers out of hundreds or even thousands of dollars each year. While there may be a long history of tax cheats, there's also a solid record of con...
All those who filed extensions for their 2007 tax returns, both business and personal, are probably starting to panic about now. They filed the extensions, and now they're trying to remember when the tax returns are actually due. It was much easier to put off filing even longer once the extension...
Determining whether or not you must file a federal tax return is pretty simple. It is usually based upon how much money you made, and whether you were over or under age 65. For those under age 65, single filers whose gross income was $8,750 or more must file a tax return, and married filing...

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