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For most people, there are few problems as “taxing” as tax problems with the Internal Revenue Service (IRS). Indeed, it can raise the blood pressure of even those with the most laid-back personalities.

There are many tax deductions available to those in today’s workforce. However, it’s worth a consultation with your tax professional to determine what particular deductions may be available and beneficial to you.

While the question of who will take over your business is central to a succession plan, it is equally important to plan ahead for the tax implications of a transfer of business assets to your appointed successors.

Taxes may be inevitable, but they're also something you have some power over. Here are five strategies to manage your tax burden going forward.

The Internal Revenue Service announced in July 2011 that it will “extend help to more innocent spouses” who were unaware that their husband or wife understated or underpaid taxes on their jointly filed returns.

At some point, we’ve all contemplated the paradox about the “chicken and the egg.” But, what about basis and gain?

The alternative minimum tax (AMT),which was created to prevent people with high incomes from avoiding paying little or no tax, has had the unforeseen effect of also netting the “not-so-rich.”

Whether you are an employee, an employer, or a self-employed individual, there are a range of Federal tax deductions available to you, including breaks provided by Health Savings Accounts (HSAs) and similar tax-advantaged accounts.

While most taxpayers say they are satisfied with their personal interactions with the IRS, public support for IRS funding has declined somewhat in the wake of high-profile controversies surrounding the agency.

Tax rates, deductions, and phase outs seem to be changing constantly, making the timing of income and expenses trickier than ever.