Filing Taxes

Filing taxes is an annual chore, and the tax code is complicated. Find tax forms and advice you need to file your tax return this year and pay the IRS.

Tax Basics

How are mutual funds taxed?

Mutual fund taxes can be complicated. Here’s what you need to know.

3 min read

Top tax tips for investors

Pay particular attention to these areas and you may find some new ways to save on what you owe.

5 min read

Capital gains tax on real estate

Real estate sales may be subject to capital gains taxes. Here’s how to keep as much profit in your pocket as possible.

8 min read

Long-term capital gains tax basics

Certain windfalls are considered capital gains. Here’s how to determine what you’ll owe.

9 min read

Latest Tax Filing Articles

Co-owned property with an ex can be taxing

Even if you’re on good terms after the breakup, get your financial deals in writing.

2 min read Jan 24, 2021
Deducting taxes on unimproved land

You can elect to capitalize some expenses if you can’t benefit from a tax deduction.

2 min read Jan 24, 2021
Claiming 25-year-old son as dependent

You should amend your tax return, as he earned too much money to be claimed as a qualifying relative.

1 min read Jan 24, 2021
What happens to investment interest expenses?

The investment interest expense of the decedent spouse is not eligible for carry-over.

1 min read Jan 24, 2021
Dipping into your IRA, a taxing downer

Tap your IRA as a first-time homebuyer without a penalty, but you will pay income taxes.

2 min read Feb 21, 2022
How to account for business loss

If you use the cash-basis method of accounting, you can’t incur a loss for an uncollected account.

1 min read Oct 21, 2021
10 craziest tax deductions for 2011

Tax time lends itself to the occasional crazy deduction.

1 min read Dec 21, 2020
Job hunting could help cut your taxes

You may be pleasantly surprised to learn that your job search can help cut your tax bill.

1 min read Feb 08, 2022
Deducting travel and entertainment expenses

You can treat tickets as either a gift or entertainment, whichever is to your advantage.

2 min read Oct 21, 2021
10 craziest tax deductions for 2011

Taxpayers cook up wacky ways to shave their taxes. CPAs share the funniest ones.

5 min read Mar 11, 2022
Paying tax on foreign real estate

You can’t double dip, but you also don’t want to be double taxed on your Canadian rental unit.

2 min read Dec 16, 2021
Win a Super Bowl? It’s taxable!

Did you know your that your Super Bowl winnings are taxable?

1 min read Jul 07, 2020
Deduct storage fees for a motor home?

The IRS is generous when it comes to vacation and second homes, to a point.

1 min read Oct 23, 2019
4 facts about your federal tax rate

You need to know four basic rules to calculate how much you owe the IRS at tax time.

1 min read Mar 11, 2022
Taxes on the sale of a fishy business

The tax issues involved in selling an LLC need to be sorted out before claiming a loss.

2 min read Oct 21, 2022
Claiming the Making Work Pay credit

Claiming the Making Work Pay credit requires more tax paperwork, such as filling out Schedule M.

2 min read Sep 02, 2021
Is mortgage payment help taxable?

The IRS taxes mortgage payments made by your insurer, but you can still deduct interest.

1 min read May 18, 2020
3 tips on finding a tax attorney

Here are some tips on what to look for in your tax attorney.

1 min read Jan 24, 2021
Is 19-year-old still a dependent?

You can claim two types of qualifying dependents on your return, if they meet IRS rules.

2 min read Mar 11, 2022
7 tax law changes that affect 2010 taxes

Some new tax laws and their timing could mean a bigger refund this filing season.

3 min read Mar 11, 2022