It might seem cathartic to shred -- or even burn -- your tax paperwork after you've filed and paid the IRS every year. But don't. You need to hang onto much of that important documentation for years, just in case Uncle Sam comes knocking.
In 2012, more than 80 percent of tax returns resulted in cash back from the government. Those are pretty good odds. But refunds aren't instant. Here's how to track yours -- and here are a few tips on getting it faster.
The IRS isn't going to let you off on your taxes just because you pull a Thoreau and move to an environmentally friendly cabin in the woods. But you can save a little green thanks to your environmental efforts at tax time.
Since the estate tax can add big tax burdens to heirs of a wealthy deceased person, some tried to get around it by making bequests to relatives while they are still alive. Of course, the IRS is wise to that and came up with the gift tax.
Running your own business can cost a lot of money, but there some 30 business tax credits out there that can help to lower your IRS burden and put more cash in your pocket. Which ones do you qualify for?
Owning your own bakery, writing service or contracting business might be a dream come true. But along with that dream comes the responsibility of paying all the taxes yourself. What does the IRS expect from you and when?
Before you tell your boss to shove it as you sail out into the sea of self-employment, you should know the tax situation for small businesses. Being your own boss has many perks, but paying the taxes requires more initiative on your part.
When your company handbook talks about an employee being "exempt" or "nonexempt," it has nothing to do with taxes. It's language from the Fair Labor Standards Act -- the same one that prohibits child labor. Say what?