Taxes

Once one gets into the process of filling out a tax return, there’s a whole world of possibilities that can occur. The tax code, both at the federal and state levels, provides for a number of opportunities where a filer can reduce his taxes owed. These adjustments are typically seen in the form of a tax credit or a tax deduction. One thing is for sure: they're not the same. 


Acting now can reduce your tax bill for the year, which will pay dividends when you file taxes in the spring.

Reports show that those making $75,000 to $100,000 a year are the fastest-growing share of people who don’t pay federal income taxes.

In the wake of studies that found that tax returns filed by paid preparers can be riddled with mistakes, the IRS is clamping down on the industry.

With tax day in the rear-view mirror, many Americans are now looking ahead to their much-anticipated tax refund.

If you've waited this long to file your tax return, it may be time to put aside the 1040 and go straight for the 4868. That's the form you'll need to request a six-month extension from the Internal Revenue Service if you can't make tonight's midnight deadline.

For all the complaining this time of year, most Americans actually think the taxes they pay are fair.

You can't put it off any longer. Monday is the deadline for filing your 2010 tax return with the Internal Revenue Service.

Having financial difficulties? Then the last thing you need is to add the IRS to your list of headaches.

If you're only now starting to work on your company's tax return, you might be better off getting a 6-month extension of the deadline.