IRS Statute of Limitations: Do Taxes Ever Expire?

Many Americans believe that an IRS debt is a debt for life and that the tax collector can hound them to the grave. Thankfully, that is not the case and there are statutory time limits on the ability of the IRS to examine and collect taxes. Taxes do expire at some point and in some cases IRS does not get the money they were legally entitled to collect.

Basically, IRS has 10 years from the date they send out their first bill to collect the tax. The 10 year rule does not apply to the states. Some, like California have no statute of limitations and the state tax collector can indeed hound you forever. The federal tax collector must get the cash before the clock runs out.

For tax assessments made after November 5, 1990, the IRS cannot collect the tax after 10 years from the date of the original assessment absent special circumstances. Special circumstances that may extend the statute are: a bankruptcy not completed or wherein the tax is not discharged; filing an Offer-in-Compromise; or signing a Form 900 Waiver allowing the United States additional time to collect the tax. Also, it is possible for the government to sue to reduce the tax claim to judgment before the 10 years expires.

If you never file a tax return, there is no statute of limitations on IRS requiring you to file, but as a matter of policy, IRS generally only requires non-filers to file the last 6-7 years. If IRS files for you by doing a Substitute-for-Return (SFR), they have 10 years from the date they file the SFR to collect from you. If a Federal Tax Lien is on file against you, it expires and becomes void if the underlying statute expires.

You can find out when the statute expires on your tax bill by requesting a Record of Accounts (ROA) from IRS for each tax year you owe. If you can't afford to pay the tax, your account might be eligible to be put in a "temporary hardship" status. It may be possible to "ride out" the statute in hardship if you qualify. An impending statute might also be a beneficial factor in an Offer-in-Compromise.

If you have a refund coming to you, you only have 3 years from the due date to collect your refund. If you file 3 or more years after the due date, the refund is lost. In some cases you can peruse a refund beyond the three years. If you full pay the tax, you can file a claim for refund within 2 years of the payment. If your claim relates to a bad debt or worthless security, you have 7 years to make a claim.

The flipside to the 3 year refund rule is that IRS only has 3 years to examine a filed return by audit in most cases. Now, the tax code is complicated and there are exceptions to these rules. If you have committed fraud or tax evasion, there is no statute for audit. There is also a 6 year rule for audit in cases of "substantial omission" of 25% or more in income. But for most folks, the three year statute will apply on audits.

Websites that can help you research these issues are: www.irs.gov, www.naea.org, www.exirsman.com, www.taxattorney.com, and www.etaxes.com. I do not recommend dealing with IRS on your own. You should get help from a tax pro if you have a tax collection or audit issue. Don't hire some company you saw on a TV commercial, hire a flesh and blood person or reputable firm. A good CPA, Enrolled Agent (EA), Accredited Tax Advisor (ATA), or Tax Attorney can be invaluable. If you want to call IRS yourself, they can be reached at 1-800-829-1040.

James Robert Coleman, E.A., A.T.A.
Enrolled Agent & Accredited Tax Advisor
Member: National Association of Enrolled Agents
Former IRS Revenue Officer, GS-11
http://www.exirsman.com

In The News:

Govt panel gets time till Monday to submit direct tax code report  LivemintThe panel, led by CBDT member Akhilesh Ranjan, was earlier required to submit its recommendations on Friday.The new direct tax code will try to simplify tax ...
Policy | Put an end to tax terrorism  Moneycontrol.comAbhijit Kumar Dutta. The unfortunate death of Cafe Coffee Day founder V G Siddhartha last month has left an unlikely sufferer — the income tax department.
DTC panel's proposals may focus on cleaning up, making tax code more efficient, says A Prasanna  MoneycontrolThe focus of the Direct Taxes Code (DTC) panel, which has submitted its recommendations to finance minister (FM) Nirmala Sitharaman, is likely to be on ...
Software firms want SEZ sops to stay, seek tax cut  Economic TimesNEW DELHI: India's software exporters may lose their competitive edge on falling incentives and rising tax rates, industry executives said, and urged the ...
How To Move States To Save On Taxes  ForbesLooking to slash your state income taxes? Perhaps moving states will allow you to pay less in taxes each year. What you need to know to establish a new ...
Govt forms committee to rationalise additional taxes on Aviation Turbine Fuel  MoneycontrolThe Aviation Ministry has formed a committee to rationalise additional taxes that airlines have to pay while uplifting Air Turbine Fuel (ATF) at airports across India ...
Will a new direct tax law push up compliance?  LivemintNumerous amendments over five decades, as well as the influence of case laws, often made it difficult to interpret the rules.Mint takes a look at what the new ...
Direct taxes in India will be a lot simpler if Nirmala Sitharaman accepts these 3 proposals  Business Insider IndiaAccording to reports, a taskforce proposed a uniform rate of tax at 25% for both foreign and domestic companies. It is also considering doing away with dividend.
Trump touts economy but payroll tax discussion reveals recession fears  CNNWashington (CNN) President Donald Trump began his Tuesday morning by sharing social media praise for his administration's efforts on the economy.
As Rumors Swirl, Here’s What A Payroll Tax Cut Might Look Like  ForbesAre we headed towards a payroll tax cut? If it's anything like the one in 2011, here's what it could look like.
What is the Payroll Tax and How Much Does It Cost You?  Yahoo FinancePayroll taxes are taken out of your paycheck -- but what exactly are these taxes and how much are you paying for them?
How a small tax-paying elite funds the Indian state  LivemintThe move to raise surcharges on the incomes of India's super-rich taxpayers has led to a barrage of criticism from tax experts who have questioned such ...
US tech companies call on France to abandon digital tax plans  Financial TimesUS technology companies have called on France to withdraw its plans for a digital services tax, attacking it for being unilateral and discriminatory, while urging ...
Income Tax Department issues checklist to trace unaccounted demonetisation cash  Economic TimesNEW DELHI: In a bid to seize illegal cash, the Income Tax Department has issued a 17-point checklist to tax commissioners across the country to track those ...
ITR forms with pre-filled investment data soon  Economic TimesPre-filled forms will soon be able to pick salary breakup directly from an individuals Form 16.
Cut taxes to reduce entrepreneurs’ burden: Kotak Mahindra AMC MD Nilesh Shah  The Financial ExpressOur market is currently compartmentalised in four parts. Super large-caps are trading above their historical average. Large-caps are trading around their ...
Sajid Javid will 'simplify' the tax system in first Budget  BBC NewsChancellor Sajid Javid has said he wants to simplify the tax system ahead of his Budget in the autumn. In his first interview since becoming chancellor, Mr Javid ...
Jammu traders demand extension of deadline for filing income tax, GST returns  India TodayCity-based traders' body Monday demanded an extension of deadline for filing income tax and GST returns as internet and other communication channels are ...
Send harassment-related cases directly for necessary relief: FM to tax payers  BusinessLineTo consider uniform 25 per cent corporate tax rate for all categories after buoyancy in tax collections.
Income Tax Department conducts searches at Oberoi Realty, Capacite Infra  MoneycontrolThe Income Tax Department August 20 conducted searches at offices of Oberoi Realty and its vendor Capacite Infraprojects to probe suspicious fund trails in the ...
Hiking income tax appeal limit to reduce litigation, help govt focus on high-value cases: Experts  MoneycontrolThe finance ministry's decision to significantly increase the limit for the income tax department to appeal disputes in higher forums will reduce litigation and ...
'Woo Private Sector, Keep Corporate Tax At 10%'  BW BusinessworldToday, the private sector feels harassed. They, instead, need to be wooed. So many people are going abroad. Create incentives for them. Corporate taxes ...
Tax notices to soon carry an identification number  LivemintDIN is likely to improve transparency and bring down the processing time of notices.DIN won't be limited to new tax notices. It will also be issued to all the ...
Despite tax overhaul, marriage penalty still hits many couples  CNBCSome taxpayers, particularly high-income couples, still face a marriage penalty, meaning that they pay more in taxes than if they were each single.
Finance Ministry to cut tax on prize post PM nudge  Economic TimesNEW DELHI: The Finance Ministry has withdrawn the tax exemption it had granted to the cash prize of Rs 1.3 crore received through the Seoul Peace Prize by ...
CBDT extends angel tax relief to startups facing tax demands  LivemintThe move seeks to ensure that genuine entrepreneurs are not affected by the provision that allows the government to demand tax on share premium, treating it ...
Higher tax surcharge on super-rich: FPI lobby sends wishlist to government  MoneycontrolFPIs are categorised based on their risk profiles with category-III including trusts, charitable societies and family offices among others.
Income tax return filing for AY 2019-20: These details are pre-filled in your ITR form  LivemintNEW DELHI: Making it easier to file your income tax returns from this assessment year 2019-20 or financial year 2018-19, the Income Tax department is ...
Initiative would increase state oil taxes, eliminate tax credits  Alaska Public Media NewsA group has proposed an initiative that would raise state taxes on the largest oil companies. An application was submitted on Friday for legislation that would be ...
UAE expands taxes to target vaping and more sugary drinks  Seattle TimesDUBAI, United Arab Emirates (AP) — The United Arab Emirates will start taxing vaping devices and e-cigarettes at 100% and all sugary drinks at 50% as ...
Here's why Jeffrey Epstein likely paid little in the way of taxes  CNBCJeffrey Epstein was worth an estimated $559 million, yet he may have paid little in the way of personal income taxes. The late financier, accused of sexually ...
Indian markets may extend gains on hopes of tax relief for companies  LivemintIndian stocks markets may extend gains on Tuesday tracking global peers while a government panel mulls tax relief for companies. Asian equities rose further ...
Nirmala Sitharaman silent on withdrawing higher taxes for foreign investors  LivemintNew Delhi: Finance Minister Nirmala Sitharaman gave no indication at a meeting with foreign portfolio investors on Friday that she would withdraw a proposal to ...
Deciding residential status for taxes, a complex affair  MoneycontrolA taxpayer's foreign income is charged to tax in India if he is a resident in India.
As Mamata Slams Durga Puja Tax, Top I-T Officer Says Clamour Based on 'Misleading Facts'  News18Kolkata: Income Tax officials have rubbished West Bengal Chief Minister Mamata Banerjee's claim that the I-T department had issued notices to Durga Puja ...
What is Direct Tax Code? Report likely today  LivemintThe new direct tax code will try to make personal income tax rates more 'progressive'.Prime Minister Narendra Modi had last year told tax officials that the old ...
IRS begins tax clampdown on unreported cryptocurrency profits  ZDNetIf you've been trading but not declaring, the tax *service* might be on your case.
ITR filing: TDS related queries answered by income tax department  Economic TimesAt the time of filing your income tax return (ITR), it is important to ensure that all TDS-related details are correctly filed in the ITR form. Consequently, questions ...
Income tax notices without a unique ID will soon be treated invalid. 5 points  LivemintThe new rules for issuance of income tax notices with unique IDs will come into effect from October.At present, some notices are issued manually without any id ...
Online platforms, CAs arent responsible for wrong income-tax filing  Business StandardFor filing income-tax (I-T) returns this year, say, you take services of an online tech platform. The platform makes a mistake, which doesn't catch your attention at ...
IRS misses out on $34bn in corporate taxes  economiaThe Internal Revenue *Service* (IRS) could have collected an additional $34.3bn (£28.4bn) of tax from large publicly-traded US corporations since 2000.
All tax letters, notices to carry identification numbers to be verifiable online from Oct 1, 2019  Economic TimesStarting October 1, 2019, all letters and notices from the income tax department will carry a computer-generated Document Identification Number (DIN) which will ...
GST on electric vehicles, chargers slashed  BusinessLineThe Goods & *Service* Tax (GST) Council on Saturday decided to lower the duty on all electric vehicles (EVs) and the charger for such vehicles. This is the ...
Freedom from tax burden for angel funds  Economic TimesExemption from angel tax even if assessment order was passed before February 19.
Is your tax money well spent?  MoneycontrolA major concern that citizens have is how taxpayers' money is spent. It seems like the money collected goes into a black box with no clarity on how it is being ...
Taxes drive New Yorkers to Florida by the truckload in just a decade  Fox BusinessNew York has lost more than a million taxpayers over the last decade, state GOP Chair Nick Langworthy said.
Red Meat Could Be the Next Sin Tax After Sugar, Fitch Says  BloombergMeat could be a target for higher taxes given criticism of the industry's role in climate change, deforestation and animal cruelty, according to a report by Fitch ...
Tax rise for high earners may trigger fund flight: Ex-RBI governor  Economic TimesNEW DELHI: Former Reserve Bank of India governor, Bimal Jalan, has warned that the higher income taxes the government introduced in its budget could lead ...
ITR Filing 2019: 5 incomes you must not miss to report in your Income Tax Return for AY 2019-20  The Financial ExpressIt is advisable to be extra careful while filing income tax return this year as even a small mistake can result in the issue of a notice from the Income Tax ...
Amazon is under scrutiny for not paying federal income taxes. Here's how it got its tax burden down to less than $0.  Business InsiderAmazon recorded a net federal tax credit for 2017 and 2018 and the company has paid a low tax rate for years. Here's how it did it.
Opinion | Let the system tell you your capital gains tax  LivemintA government plan to pre-fill income tax return forms online with details of your capital gains could ease your compliance burden. In time, its coverage could ...
Shrinking your tax burden can come with consequences. Here's what to avoid  USA TODAYNobody likes to pay more taxes than necessary. But there's also a danger of letting the "tax tail wag the investment dog," to quote a common saying. You don't ...
10 salary components that can help employees reduce tax burden  Economic TimesYour salary structure consists of several components which can help you reduce your tax burden. While some of these components are fully or partially taxable, ...
Rich Canadians are getting out of paying taxes with 'estate freezes' — and the CRA endorses it  Financial PostOpinion: The CRA's position is baffling: It views an estate freeze as garden-variety tax planning. Other countries aren't as lenient.
Higher taxes on the super rich is not a sound idea  Hindustan TimesSince its resounding election victory in May, the Narendra Modi-led Bharatiya Janata Party (BJP) government has committed to a number of liberalisation ...
Taxman will need approval for unrecognised startups’ scrutiny  Economic TimesNEW DELHI: Scrutiny of startups not recognised by the Department for Promotion of Industry and Internal Trade on the angel tax issue will be conducted only ...
Added Import Taxes in USA will Only Help Samsung, Tim Cook tells Donald Trump  News18US President Donald Trump has praised Apple CEO Tim Cook for "making a good case" that tariffs on China will help Samsung gain more as it is based in South ...
Africa's financial inclusion at risk from mobile money taxes  Quartz AfricaMuch has been written about the need for African countries to collect more tax revenue from citizens and businesses. The IMF has been imploring sub-Saharan ...
California Is Headed Toward a Titanic Battle Over Raising Property Taxes  New York MagazineUnless a legislative compromise is worked out, California will host a classic left-versus-right ballot initiative fight in 2020 over a bid to remove commercial ...
BMC to impose property tax on individual flat owners directly to improve accountability: Report  MoneycontrolIn a move aimed at improving accountability, the Brihanmumbai Municipal Corporation (BMC) will tax individual flat owners directly, rather than buildings.
Tax terrorism: Embedded in laws & practice  Business StandardRead more about Tax terrorism: Embedded in laws & practice on Business Standard. Blaming tax officials will not help us get to the root of the issue.
How to File Income Tax Returns aka ITR Online in India  Gadgets 360ITR aka income tax returns can be easily filed online for free in India. Here's how you can do that.
How does Manitoba’s income tax compare to other prairie provinces?  Global NewsIt's three weeks until Manitobans head to the polls to pick the province's new leading party. One of the issues concerning Manitobans is taxes and how much ...
For Tax On Durga Puja, Mamata Banerjee Plans Protest Against Centre  NDTV NewsBengal Chief Minister Mamata Banerjee is a planning a protest against the tax the BJP-led Central government is trying to impose on Durga Puja committees of ...
How to get the most from this tax-free source of retirement income  CNBCCash value life insurance can complement your retirement plan by acting as a source of tax-free income. Just make sure you don't mismanage your policy.
Reduce corporate tax to 25% to kick-start investment: Kiran Mazumdar Shaw  Economic TimesWe are one of the few companies actually expanding our businesses and investing in both brownfield and greenfield projects, says Kiran Mazumdar Shaw, ...
Have you filed your income tax return correctly? Find out  Economic TimesFiling income tax returns (ITR) incorrectly can get you a notice from the taxman. ET Wealth puts together a short quiz to help you understand if you are on the ...
Future Returns: Buying Municipal Bonds for Tax-Free Income  Barron'sSecurities sold by muni cipal issuers—including cities, utilities, and universities—are grabbing lots of attention this year, largely because of the tax-free income ...
These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes  Bitcoin NewsTax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you'll only end up cursing your.
GOP's Response to Inequality Crisis? More Tax Cuts for the Rich, of Course.  TruthoutThe U.S. is now experiencing higher levels of economic inequality than we've seen at any time since the Gilded Age. Roughly 4 out of 10 Americans can't afford ...
How to show your trading and F&O income in the tax returns?  BusinessLineBL Research BureauFor traders, aside from predicting the stock market, reporting income from intra-day trading or Futures & Options (F&O) in the tax ...
Tax deductions that can be availed for reconstructing a house  Economic TimesI took a loan 16 years ago to buy a house. I availed of the tax deduction on interest outgo. I want to demolish the old house and build a new one on the plot now.
State Taxes on Trust Accounts Deemed Unconstitutional  KNSI Radio(AP) - A court defeat in a case over the way Minnesota taxed trust accounts in other states could end up costing about $130 million this budget cycle.
Government's budget gap goal threatened by tax evasion as demand wanes  LivemintThe number of GST returns filed have declined, according to a report by CAG India.As per the provisional numbers, the government's total tax revenue in the last ...
Don’t Ban Assault Weapons—Tax Them  The AtlanticThe nation is debating what to do about assault-style weapons, what gun-rights advocates like to call modern sporting rifles. Gun-rights champions argue that ...
House OKs bill increasing taxes on alcohol, e-cigarettes starting 2020  RapplerThe new sin tax bill is the first measure to have successfully hurdled the House in the 18th Congress.
Andrew Scheer promises to make EI maternity, parental benefits tax-free  CBC NewsConservative Leader Andrew Scheer says that, if his party forms the next federal government, he'll make Employment Insurance (EI) benefits for new parents ...
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance  CoinDeskThe Takeaway: The IRS' recent warning letters to 10,000 traders offer hints at what its forthcoming guidance on crypto taxes might say. While the letters are not ...
Kamala Harris uses fuzzy math to suggest her tax cut is paid for  The Washington Post“The biggest middle-class tax cut in a generation, another $500 in your pocket every month, paid for by repealing Donald Trump's tax breaks for the top 1 percent ...
Textile companies seek tax incentives, DBT for farmers  Economic TimesNEW DELHI: Indian textile and clothing industry players say one-third of their production capacity is lying idle due to sluggish exports, poor domestic demand, ...
You might need to maintain tax returns records for seven years  LivemintIn today's digital age, income tax records can be maintained at little or no expense for long periods of time in a digital format. However, it is important to know the ...
Trump's tax cut isn't giving the US economy the boost it needs  CNBCIf ever the U.S. economy could use a strong tax cut tail wind, it could use one now as conditions weaken around the world. But the tail wind isn't there. Instead ...
Trump sues over California law forcing candidates to turn over tax returns  CNNPresident Donald Trump sued California Tuesday challenging a state law that requires candidates for president to disclose income tax returns before they can ...
Will I owe the 'exit tax' if I change my residency to Florida?  lehighvalleylive.comThe so-called exit tax is an estimated tax payment on the sale of your home.
Amazon.com defeats IRS appeal in U.S. tax dispute  ReutersAmazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue *Service* in what the online retailer has called a $1.5 billion dispute over its tax ...
Lawmaker who proposed retirement income tax to get rid of property taxes to continue promoting his plan  Allentown Morning CallState Rep. Frank Ryan, author of a controversial proposal to eliminate the school property tax by increasing other taxes and instituting a new tax on retirement ...
Do I have to pay tax for the capital gains earned by my homemaker wife?  Economic TimesMy wife is a homemaker and she has invested Rs 40,000 of her savings in stocks. If she sells these stocks and earns short-term capital gains, will I have to pay ...
Filipinos can now pay taxes online via PESOnet  RapplerMANILA, Philippines – Filipino taxpayers can say goodbye to long lines, as the Bureau of Internal Revenue (BIR) launched a digital system for electronic transfer ...
Maruti Suzuki seeks tax relief for hybrid, CNG cars  LivemintMaruti Suzuki said there is a need to promote hybrid, CNG cars as it will take some time for mass acceptance of EVs considering the high cost of technology.
Three different routes to save tax on long-term capital gains  LivemintThere are provisions under different sections of the Income-tax Act that can help you save on LTCG tax.Capital gains exemption will be reversed if you sell the ...
Task Force on Direct Tax Code submits report  Business StandardRead more about Task Force on Direct Tax Code submits report on Business-standard. Task force was formed to review the Income-tax Act, 1961.
San Marcos' rising appraisals to lead to higher school taxes despite lower district tax rate  Community Impact NewspaperAug 20, 2019: On Aug. 19, San Marcos CISD board members adopted a lower tax rate for the 2019-20 school year—as mandated by the state's new tax relief ...
Angel tax row: Income Tax department gives a breather to start-ups  Business StandardRead more about Angel tax row: Income Tax department gives a breather to start-ups on Business Standard. After protests by start-ups, the government had ...
Modi has a message for 'growth ambassadors', 'tax black sheep': 10 key highlights from PM's interview  Economic TimesPrime Minister Narendra Modi, in a free-wheeling interview to ET, said government is willing to go as far as possible to fire up the animal spirits in the economy.
When tax planning becomes tax avoidance - experts weigh in  Fin24The International Ethics Standards Board for Accountants is looking into whether aggressive tax planning is ethical, even if it is legal.
Dividend income, partnership firms two ways to reduce income tax liability  Business StandardMumbai-based M K Rajendran (name changed on request), director at a leading private bank, has been calling his chartered accountant regularly since July 5 ...
Do I have to pay capital gains tax if I switch between schemes of same mutual fund?  Economic Times"The switching of schemes would be considered as redemption or sale of units of one scheme and purchase of units of the other scheme."
Judge blocks New York from turning over Trump's tax information to Democrats  CNNWashington (CNN) A federal judge on Thursday issued an order blocking New York state from turning over President Donald Trump's tax returns to ...
Mauritius Leaks exposes tiny tax haven's role in vast offshore system  International Consortium of Investigative JournalistsBased on 200000 files, this new ICIJ investigation uncovers a sophisticated system that diverts tax revenue from poor nations back to the wealthy elite.

The Internet Tax Man Cometh

Q: I was contacted by the city tax collector to... Read More

History Of The Federal Income Tax

The powers of Congress, and the limitations set upon those... Read More

IRS Statute of Limitations: Do Taxes Ever Expire?

Many Americans believe that an IRS debt is a debt... Read More

Alas! In E-Commerce Taxland

In trying to comply with tax laws for your e-business,... Read More

Are You Overpaying Taxes If You Use Tax Preparation Software?

For many business owners the answer to this quandary is... Read More

How To Set Up A Tax-Saving Bookkeeping System

One of the most important, but least understood or appreciated... Read More

Requirements To Produce Tax Information (Whats Up With That?)

"What we've got here is a failure to communicate." ... Read More

Tax Trap #2 -- Double Taxation: Isnt Once Enough?

Have you been thinking about incorporating your small business or... Read More

Tax Records - What You Should Keep And For How Long

Many taxpayers are confused about how long they should keep... Read More

The Tax Man Cometh... To Search

You're at your office, or home, and the doorbell rings... Read More

A Taxing Investment

April 15 - The most dreaded day of the year... Read More

How to Maximize Your Home Business Tax Deductions for 2005

Someone once said, 'the best way to calculate your taxes... Read More

Tax Tips - Which Tax Form Is Right For Me?

IRS Tax forms can be confusing.Am I a 1099 or... Read More

Military Reservists, Enlistees May Get Deferral of Back Taxes

Reservists called to active duty and enlistees in the armed... Read More

What Is Tax Law?

The federal tax code is complex. This complexity generally arises... Read More

Knock-Knock-Knock

Knock-Knock-KnockWho's there?The IRS!The next quarterly payment of estimated income tax... Read More

Six Urban Myths About Taxation

Six Urban Myths ? Taxation"I am proud to be paying... Read More

Tax Trap #1 -- Waiting to Incorporate: What A Difference A Date Can Make

NOTE: This is the first in a series of 5... Read More

Tax Deduction for Alimony Payments? - Yes!

Over 50% of marriages end in divorce in the United... Read More

Tax Reduction Tips

In the rush to get tax returns prepared and filed... Read More

Home Based Business Tax Deductions

Running a home based business reaps many wonderful tax deductions... Read More

Send Your Kids To Summer Camp and Write It Off

If you paid someone to care for a child so... Read More

10 Tax Tips to Reduce Costs and Increase Income

No one likes paying tax. Everyone understands that tax is... Read More

Rental Property Tax Deductions

Own residential rental properties? This article discusses how income from... Read More

Donating Cars To Charity - New Tax Rules

On June 3, 2005, the IRS released guidance on charitable... Read More