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Taking the time to keep good records will give you peace of mind and may help you actually save taxes in the long run.

The April 15th tax deadline always seems to be approaching fast.

The Internal Revenue Service (IRS) has established several convenient methods to help each taxpayer file promptly and with ease.

Did you know that a free, Federal income tax preparation and electronic filing program called Free File is available to U. S. taxpayers?

The issue of material participation can be important for you as a business owner or investor, as whether or not you qualify as a material participant determines the extent to which you are permitted to deduct losses.

With health care costs on the rise, the tax savings deductions provide may well be worth the effort it takes to claim them.

You may already be aware of the annual gift tax exclusion that allows you to reduce the size of your taxable estate by making gifts up to $14,000 per year.

It is possible that you could owe the government taxes on April 15th which you cannot pay. What should you do when you discover you owe the government more than you can possibly pay by the due date?

It is never too early to start preparing and with April 15th fast approaching, it is time to get down to business. A glance at the following questions and answers may give you some help in getting started.

The ruling overturned a lower court decision that could have forced the IRS to refund more than $1 billion in withheld payroll taxes to involuntarily terminated employees and their employers.