IRS tax questions

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.

5 Ways to Avoid an IRS Audit

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.

Your W-2 Tax Form Is Coming: 3 Key Numbers to Review

Tens of millions of workers will soon be getting W-2 tax forms. Included on that form is a lot of the key information that will determine whether you get a refund or will owe more to the IRS this year. And it also has three numbers you can use to improve your tax planning for the future.

Will Tax Refunds Go Out on Time? Late AMT Fix Has IRS Scrambling

The fiscal cliff compromise has been signed, clearing up a host of questions about taxes for the near future, and the year that just ended. But the long wait for answers left the IRS in limbo, and that may mean millions of refund checks will be delayed too.

IRS Internet Scams: If the Tax Man Emails You, It's Fraud

When the IRS sends you an email that it owes you some cash, and all you need to do to collect it is click through to their website, it's naturally tempting. Don't bite: No matter how convincing that email is, you can rest assured that it's a scam.

More Crazy Tax Deductions: What Worked, What Didn't

From hip replacements to pole dancing classes, here are some of the most outlandish deductions taxpayers have ever attempted to claim. You won't believe what these people tried that their accountants said wouldn't fly -- and you really won't believe what did (literally).

Truly Crazy Tax Deductions: Claims You Won't Believe

As we've struggled with our tax returns, trying to come up with extra deductions, we've all taken a few flights of fancy. Most of us decide not to push our luck. But some people have successfully claimed write-offs for things that most of us wouldn't dream of claiming.