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Those who report suspected tax cheats to the IRS may be rewarded for their actions. In December 2006, the Whistleblower Office was set up to process information and make decisions on whether to grant...

Unfortunately, employees cannot deduct home office expenses because of the suspension of the deduction for miscellaneous itemized deductions subject to the 2%-of-adjusted-gross-income floor through 20...

Individuals can claim an itemized medical deduction for costs related to the diagnosis, mitigation, treatment, cure or prevention of disease, or any condition affecting any structure or function of t...

While most work-related payments are taxable, there are some exceptions. Early in 2007, the Tax Court said that payments to disabled veterans under the Veterans Administration's work therapy prog...

Each year, the IRS releases a list of tax scams as a warning to taxpayers to beware. This year’s list has many of the same scams reported in previous years. There are some new additions (IR-2022-113...

In the coming weeks, it's back-to-school time. This can mean tax saving opportunities for you. The tax law provides a number of exclusions, deductions, and tax credits designed to encourage education...

Joint custody is common today when parents divorce, but it does not automatically confer the right to claim a dependency exemption or child tax credit for one parent or the other. Generally, the righ...

Even if your income is no higher in 2008 than it was in 2007, you can expect your tax bill to be lower. Why? Every year, cost of living adjustments to various tax items means you'll pay less than...

Generally, the value of a deceased individual's property is determined on the date of death. However, the person's estate can opt to use an alternate valuation date, which is 6 months after t...

American citizens who work abroad remain taxable in the United States on their worldwide income. However, they can enjoy certain tax breaks designed to alleviate the burden of paying taxes to two cou...