internal revenue service

Will Americans Get Our Tax Breaks Back?

Tax planning is hard even under the best of circumstances. But when you can't be sure what the tax laws will be in the year ahead, it becomes almost impossible.

How Inflation Will Cut Your Taxes in 2014

When it comes to taxes, inflation's bite need not be too painful: The government makes adjustments to reflect the higher cost of living. Here's what you'll save in 2014.

IRS Audit Triggers: Six Red Flags

The IRS only audits about 1 percent of individual tax returns, so the odds are pretty low that yours will be picked --unless you have one of these 12 red flags.

Ready for Your Tax Refund? The IRS Is Ready for Your Return

Millions of Americans count on getting their tax refunds as soon as possible, but thanks to Congress, ASAP hasn't been all that soon this year. However, the IRS has worked through all the changes from the long-delayed fiscal cliff deal and is ready to start taking all of our tax returns.

Tax Bills for the Rich Approach 30-Year High

With Washington gridlocked again over whether to raise their taxes, it turns out wealthy families already are paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.

Your Tax Refund: What to Expect

The big question on the mind of everyone who expects to get money back from the IRS is when they'll receive their tax refund. But it's not just when you file your return that control that answer: The steps you take beforehand can make a big difference.

Meet the 'Voice of the Taxpayer': Nina Olson Speaks for You

Think you're on your own if you want your tax-related concerns heard in Washington? Well, you're not. Since 1979 there's been an official advocate who has the ear of Congress, regularly making a stink on taxpayers' behalf, aiming for a fairer, simpler, system.

Higher Taxes in 2013? You're Already Paying Them for 2012

More than 70 tax breaks enjoyed by individuals and businesses expired at the end of 2011. If Congress doesn't extend them retroactively back to the beginning of this year, a typical middle-class family could face a $4,000 tax increase when it files its 2012 return.

Are American Shoppers About to Lose a Big Tax Break?

With Black Friday just a few days away, shoppers across the nation are getting their wallets and pocketbooks ready to rumble. What many don't realize, though, is that the federal deduction on sales tax that was part of the shopping equation for them in previous years may disappear come January.

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.

IRS to GOP: We Won't Be Enforcers of the Health Insurance Mandate

The IRS assured GOP lawmakers Tuesday that agents would play no role in enforcing the requirement that Americans buy insurance under President Obama's health care overhaul. "IRS revenue agents will not be involved. There will not be audits," IRS Deputy Commissioner Steven Miller said.