The federal government logged more than 90,000 complaints last year for scams that cost taxpayers about $14 million.
Police warn residents of identity theft during tax season.
Most audits are simple paper audits where they send you a letter asking for supporting documentation.
Tax deductions lower your taxable income. Tax credits provide a dollar-for dollar reduction of your income tax liability.
The tax information has begun to arrive, so open those envelopes!
Congress and the IRS decided that you cannot leave your pre-tax retirement savings growing forever tax-deferred, so they chose 70½ for you to begin mandatory withdrawals.
It is very difficult to talk about money just days before Christmas but I am going to try.
You can only deduct contributions you give to qualified charities.
I don’t know what Congress is planning to do regarding tax changes, but every year around the third week of December Congress decides to tweak the tax code.
More and more employers are eliminating their pension plans and only 60% of employers currently offer retirement plans.