tax preparation

If you keep good records, deductions can be a great way to reduce your taxable income. Increasing your allowable deductions means the less tax you owe and the more money you get to keep. To maximize your deductions, it's a good idea to familiarize yourself with tax rules -- there are likely many...

Each year, the IRS estimates that 900,000 to 1.2 million people prepare tax returns for a fee. But preparers don't have to be registered, there's no national competency test, and regulation of the industry has been lax. That's about to change.

H&R Block agreed to refund up to $19.4 million in fees to settle charges the tax preparation giant steered hundreds of thousands of customers to put money into its "Express IRA" program knowing it was virtually guaranteed to lose money, the New York Attorney General's Office said. Low interest...

Like death, taxes are one thing you can count on and preparing taxes can be a trying experience especially if you haven't kept up with the numerous tax credits that are available. Thankfully the IRS has partnered with volunteers to provide free tax preparation assistance to individuals making less...