hobby

Even if you have nothing to hide, an IRS audit is no picnic. But have you ever wondered why some tax returns get intense scrutiny while most sail through the review process? Here are 12 red flags that could increase your chances of drawing unwanted IRS attention.

If the Great Recession finds you putting hobbies on hold in the name of the family budget, maybe it's time to let imagination take wing and get hooked on something that's wild, free and well, "cheep": ornithology, or in layman's terms, bird watching. Score one for the checkbook. In fact, it's a...

Scholarships can be a helpful way to reduce how much you owe on your tuition bill, but a high grade point average, student leadership, and athletic talent won't be enough to win these odd scholarships. Here are some scholarships with unique requirements. Star Trek Inspired The Klingon Language...

I didn't know you could attempt to deduct THX from your TAX return but the good folks at Sound and Vision Magazine have covered many of the issues related to deducting home theater equipment. As an amateur audiophile and gadget addict, this guide is of particular interest to me, however its...

You've started a little enterprise in your garage or spare bedroom. And now it's tax time and you're ready to reduce your taxes by taking a whole bunch of deductions for this "business." Stop right there. You might not be entitled to take those deductions, and if you do, you may be asking for...