Turning your hobby into a business can provide tax benefits if you do it right. But it can create a big tax headache if you do it wrong.
While most of us are never audited, when it happens it can feel a lot like a lamb thrown in the room with a lion.
If you want certain individuals to receive property from your estate, there may be advantages to making those gifts while you are still alive.
Wouldn’t it be nice to have a source of nontaxable income? Listed here are several income items that the IRS does not tax.
Are you planning to use your vacation home soon? If you’re not going to use it, have you considered renting it?
The following is an overview of several recent tax proposals discussed or introduced in Congress over the past several weeks.