IRS Warns of Fake Tax Bill Emails

Numerous reports of scammers sending fraudulent CP2000 Notices for tax-year 2015 have been received by the IRS, resulting in an investigation by the Treasury Inspector General for Tax Administration. The…

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Renting Out Your Vacation Home

Renting out a vacation property to others can be profitable. If you do this, you must normally report the rental income on your tax return. You may not have to…

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Bitcoins Treated as Property for Tax Purposes

Many retailers and online businesses now accept virtual currency for sales transactions. Despite the IRS issuing a set of FAQs in 2014, regarding virtual currency, the U.S. federal tax implications…

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The Home-Based Business: Basics to Consider

More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements and…

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Deducting Moving Expenses

If you’ve moved–or are planning to move–this year to start a new job you may be able to deduct certain moving-related expenses on your tax return. You may also be…

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