You could face a 50 percent penalty if you don't comply with this often-overlooked rule involving required minimum distributions from 401(k)s and IRAs.
Some taxpayers are discovering the income tax refund they thought was coming has instead has been seized to pay their defaulted student loan debt.
Federal agencies set a new record for improper payments last year, shelling out $125 billion in questionable benefits after years of declines.
All transactions have tax consequences. Are you considering such consequences when maintaining your portfolio?
Not a whole lot of people have to pay the federal estate tax, but income tax and state estate, inheritance and gift taxes can make a mess for heirs.
Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail time as part of a nationwide scam.
The IRS identifies the tax scams most likely out to get you, the innocent American, via phone calls, emails and marketing pushes.
The IRS allows some people to deduct some expenses for finding a job or moving for a new job. Here's how to figure out what you can deduct.
Make sure to include your payments to or income from shared services like Zipcar, Lyft and Airbnb when you file your taxes this year.
To avoid the traps that phaseout provisions lay out, in a few cases, it might make sense to earn less income.
While there's only so much you can do to make your taxes easier this year, there are steps you can take now to pave the way to lower taxes in future years.
These tax-free provisions of tax laws act as an incentive for those with modest income levels to invest for the long run, especially in the stock market.
Filing taxes online is easier for many, and it makes stealing information easier for thieves. Here's how to stay safe and what to do if you're compromised.
Thinking of fudging on those blank donation forms? Playing audit roulette with the IRS could cost you.
The IRS says budget cuts forced the agency to reduce the number of tax audits last year to the lowest level in a decade.
The mortgage interest deduction is just the biggest way that tax laws help homebuyers. Improvements in energy efficiency and moving costs may also matter.
In a new setback for the health care law, the government says it made a tax-reporting error that's fouling up the filings of nearly a million Americans.
Consider the tax consequence when you sell some of the shares you own in a company. It's all about short- and long-term gains and losses.
If you make purchases with Bitcoins, you may face a tax accounting nightmare. And good luck estimating your quarterly payments if you're paid in Bitcoins.
If you signed up for health insurance under the Affordable Care Act, and had a major life change or earned more than expected in 2014, you may owe money.