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Where you live is a big factor in determining the amount of alternative minimum tax (AMT) you may owe. Generally, taxpayers living in states with high income taxes are more likely to be subject to th...

In today's real estate market, while prices and mortgage rates have come down, many potential buyers still cannot qualify for a mortgage. If you're selling a home, consider becoming the "banker" and h...

Despite the fact that the stock market may have depressed the value of your 401(k) account, you may still hold substantial wealth there. When you leave the company because you're changing jobs, being...

Make Index Investing Work for You The Vanguard founder offers investment insights to Lasser readers in this exclusive interview with Wiley Business and Finance book editor, Bill Falloon. John C. B...

If you can't pay your tax bill in full and want to arrange to pay it off in installments, you can use the IRS Online Payment Agreement (OPA) application. The OPA application can be used to obtain...

The IRS will begin processing 2007 income tax returns by mid-January, the usual time for the start of tax season. However, for about 13 million taxpayers who file certain forms impacted by the altern...

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...