Bartering is the trading of one product or service for another and the fair market value of the trade must be reported as income by both parties.
Millions of taxpayers qualify for free tax preparation assistance from IRS-sponsored community-based, volunteer programs.
Unemployment can be stressful enough without having to figure out the tax treatment of the unemployment benefits you receive.
Here are eight things the IRS wants you to know about medical and dental expenses and other benefits.
The Child Tax Credit is available to eligible taxpayers with qualifying children under age 17. The IRS would like you to know these eleven facts about the child tax credit.
Here are eight important points about the new Form 8949 and IRS Schedule D, Capital Gains and Losses.
Many people may not realize the Social Security benefits they received in 2011 may be taxable.
Although most income you receive is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable.
Direct deposit is the fastest, safest way to receive your tax refund. When a taxpayer combines e-file and direct deposit, the IRS will likely issue your refund in as few as 10 days.
If you changed your name after a recent marriage or divorce, the IRS reminds you to ensure the name on your tax return matches the name registered with Social Security.
The IRS has a tool to help people who have to repay their First-Time Homebuyer Credit.
Here are the top 10 things the IRS wants you to know about this valuable credit, which has been making the lives of working people a little easier since 1975.
If you haven't received your W-2, follow these four steps.
Sometimes taxpayers need a copy of an old tax return. There are three easy and convenient options for getting tax return transcripts from the IRS.
If you're a small business or a self-employed individual who needs answers to tax questions, check out the IRS's Small Business and Self-Employed Tax Center.
Here are six key points the IRS would like you to know about self-employment and self- employment taxes.
Your kids can be helpful at tax time. They won't sort your tax receipts or refill your coffee, but those charming children may help you qualify for some valuable tax benefits.
If your pay from work involves compensation through tips, then the IRS would like you to be aware of a few facts about tip income.
Check out how the IRS delivers the latest tax information, initiatives, products and services through social media.
Tax information can be tough to understand in any language, but it can be even more difficult if it is not in your first language.
Everyone can prepare and e-file their federal tax returns for free using the IRS Free File Program.
IRS e-file: It's safe. It's easy. It's time. Most taxpayers -- nearly 80 percent -- file electronically. If you haven't tried it, now is the time!
Some people may qualify for more than one filing status. Here are eight facts about filing status that the IRS wants you to know so you can choose the best option for your situation.
Here are five things the IRS wants you to know about phishing scams.
Even though each individual tax return is different, some tax rules affect every person who may have to file a federal return. These rules include dependents and exemptions.
Here are some general rules to consider when deciding which paper tax form to file.
Here are ten tips to keep in mind when choosing a tax return preparer.
Navigate your way through the tax season online and skip waiting in line. All you need is a computer and Internet access because the IRS website has a wealth of free information.
If you need IRS forms and publications, here are four easy methods for getting them.
You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive.
The income tax filing season has begun and important tax documents should be arriving in your mailbox.
The Internal Revenue Service has opened the 2012 tax filing season by announcing that taxpayers have until April 17 to file their tax returns.
If you've changed your home or business address, make sure you update that information with the IRS to ensure you receive any refunds or correspondence from the IRS.
The IRS has free tax forms and publications on a wide variety of topics. If you need IRS forms, here are five easy methods for getting the information you need.
Taxpayers who need their past tax return information can obtain it from the IRS. Here are nine things to know if you need copies of your federal tax return information.
Here are eight ways you can seek help from the IRS if you need assistance with your federal taxes in Spanish.
The IRS has created a new tool to help business owners determine which tax-favored pension plan best suits their needs and how to keep their plans in compliance.
