The IRS Wants to Tax Your Illegal Income
Believe it or not, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. The instructions are right there on the income tax form.
Believe it or not, the federal government requires that money acquired through illegal means be reported and taxed just like legitimate income. The instructions are right there on the income tax form.
Given how complex the tax code is, it's not surprising that people mess up when filing their returns -- making mistakes that can cost you thousands of dollars. CPA Gary Craig offers these tips on how to avoid the top tax filing blunders.
The vast majority of freelancers like being independent workers -- right up until they have to deal with the added complexity it puts on their taxes. If you freelanced in 2012, here's what you should know, before those 1099 forms start arriving.
Getting audited isn't the end of the world, but we'd all prefer not to be. To minimize your chances of getting a surprise letter from the IRS, here are five things to do when you file your tax return this year.
Every April, resistance to taxes becomes a national hobby. The rebellious souls at taxKilla.org take that resistance to the extreme by encouraging the broad use of tax loopholes and iffy methods to reduce what you pay to the IRS. But there's nothing illegal about it.
Audits are avoidable: From outlandish charitable giving to claiming a home office, there are a host of specific thing that can set of warning bells with the IRS. Here are the things the IRS looks for, and tips to help you avoid its scrutiny.
There's something about life insurance that just freaks some people out -- we'd prefer not to consider our mortality. But September is life insurance awareness month, and lack of knowledge breeds fuzzy thinking. So we've sorted some facts from fictions and debunked an even dozen myths about life insurance.





