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
Latest Tax Filing Articles
-
London home sale may be taxed in U.S.
If a foreigner immigrates to the U.S. and sells his London home, he runs into a tax trap.
2 min read Feb 08, 2022 -
Last-minute tips for snail-mail filers
If you’re sending your tax return the old-fashioned way, follow these tips before mailing it.
4 min read Jan 24, 2021 -
Working abroad and investing in a Roth IRA
A U.S. citizen in Thailand wonders what is impeding his eligibility to contribute to a Roth IRA.
2 min read Mar 11, 2022 -
Go back five years to recover paid taxes
Changes in the tax law allow taxpayers to carry back losses up to five years if they elect to do so.
2 min read Jan 12, 2021 -
How Americans will spend their tax refund
Bankrate’s exclusive poll reveals that 84 percent of Americans plan to spend their tax refund wisely.
4 min read Mar 11, 2022 -
7 housing tax laws you don’t want to miss
If you’re a homeowner or thinking of becoming one, these tax laws could save you money.
6 min read Oct 27, 2022 -
5 tax breaks for the recession
If you’ve lost or reduced your income in these hard times, there could be a tax silver lining.
4 min read Jun 25, 2020 -
Tax losses on the sale of a rental home
A vacation home that was converted to a rental will be sold at a $100,000 loss. How is it taxed?
2 min read Apr 06, 2022 -
More twists on the homebuyer tax credit
A couple with a home inside an LLC wants to buy it and claim the first-time homebuyer tax credit.
2 min read Feb 02, 2021 -
Reporting a foreign bank account
The IRS penalties are severe if you fail to properly report a foreign bank account.
2 min read Oct 22, 2019 -
Who pays the taxes on an UGMA?
One way to transfer assets to grandchildren is with an UGMA. But the annual income is taxable.
2 min read May 18, 2020 -
Plan for taxes due on a Roth IRA conversion
Before converting your traditional IRA to a Roth account, ask yourself these key questions.
5 min read Mar 11, 2022 -
5 questions about the homebuyer tax credit
Does the IRS owe you a refund for the homebuyer tax credit? Here are a few answers.
6 min read Mar 11, 2022 -
How to report taxes on foreclosed homes
When the bank issues a 1099-A on foreclosed homes, there usually is no tax impact.
2 min read Oct 27, 2022 -
Deducting sales tax on a new car
This year, even taxpayers who claim the standard deduction can take advantage of this tax break.
4 min read Mar 11, 2022 -
10 wackiest tax deductions for 2010
Writing off the cat as an ‘exterminating expense’? It’s just one of 2010’s wackiest tax deductions.
6 min read Nov 17, 2020 -
Homebuyer tax credit extended, expanded
In 2009, lawmakers improved the homebuyer tax credit. Find out how it reduces your tax bill.
5 min read Mar 11, 2022 -
7 new tax laws to know
Several new tax laws made it into the IRS Code. See which ones might help cut your tax bill.
4 min read Mar 11, 2022 -
Avoid the nanny tax pitfalls
Don’t be tripped up by the nanny tax. Be sure to follow the rules when it comes to household help.
5 min read Sep 23, 2021 -
Claiming tax credit for a caregiver
You can claim a tax credit or a medical deduction for a caregiver, or a combination of both.
2 min read Sep 23, 2021