The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the chances that your return will be audited.

Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The IRS properly sought $380,000 in deficiencies and penalties from a couple who failed to prove they were entitled to a $2.1 million loss deduction related to their Indiana businesses, the US Tax ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

The home office deduction could provide a tax break on your 2024 return. Here’s who qualifies and how to claim it.

Itemizing your taxes is great when you are a homeowner. As you file taxes for the 2024 tax year, there are some deductions ...

If you’re not sure which ones you may qualify for, here are some common deductions and credits new tax return filers can take.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Under the Tax Cuts and Jobs Act, itemizing homeowners homeowners can deduct mortgage interest on up to $750,000 worth of ...

If you lived with another person in 2024 If you lived with another person at any time in 2024 and in the first 60 days of 2025, you need to determine who can claim the deduction for child care ...

Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...