Miscellaneous deductions, such as certain work-related expenses you paid for as an employee, can reduce your tax bill, but you must itemize deductions when you file to claim these costs.…

Lending money to a cash-strapped friend or family member is a noble and generous offer that just might make a difference. But before you hand over the cash, you need…

Millions of people enjoy hobbies such as stamp or coin collecting, craft making and horse breeding, but the IRS may also consider them a source of income. As such, if…

When you decide to start a business, one of the most important decisions you’ll need to make is choosing the right business entity. It’s a decision that impacts many things–from…

Numerous reports of scammers sending fraudulent CP2000 Notices for tax-year 2015 have been received by the IRS, resulting in an investigation by the Treasury Inspector General for Tax Administration. The…