Alternative Minimum Tax (AMT) gives a definition of what the AMT is, how it is applied, and highlights some historical perspective on how the AMT has changed over the years.
Audits provides guidance for taxpayers who are undergoing an IRS audit. Includes an overview of how audits are conducted as well as a strategy for preparing for the audit.
Cancelation of Debt - Insolvency defines what it means to be insolvent. Includes a worksheet for a taxpayer to determine if he or she is insolvent and it explains the tax implications of canceled debt.
Capital Gains and Losses defines what assets are considered capital assets. Also discusses holding periods of assets, basis, and capital gain tax rates.
Charitable Cash Donation Tracker discusses recordkeeping requirements for cash donations. Includes a donation tracker worksheet and a charitable mileage log.
Charitable Contributions Guide outlines the types of qualified charities which can receive tax deductible donations and discusses contributions of property including the donation of a vehicle.
Clergy - Religious Workers provides guidance on how to report income and expenses for ministers. It also provides information on a parsonage or housing allowance received.
Consumer Credit gives an individual a quick checklist of how to protect themselves upon notification of identity theft and provides information on credit counseling and debt management plans.
Crowdfunding provides information on various aspects of these alternative funding options and the tax issues that might arise from these arrangements.
Dependent Support Worksheet defines what is meant by support and includes a worksheet to help calculate the expenses paid to determine the financial support of an individual.
Divorce and Taxes defines the tax status of taxpayers who are separated or divorcing and provides information on property transfers, alimony, and child support.
Education Tax Benefits discusses the education tax benefits and the education savings plans. Also provides a comparison of the education credits.
Estimated Taxes defines the requirement to pay taxes through withholding and/or estimated pavements. Includes estimated tax payment due dates.
Families with Children provides a listing of various tax credits available for families with children and outlines the rules and limits for each credit.
Filing Status helps the taxpayer determine his or her tax filing status for the year. Includes a chart with the special rules for taxpayers filing Married Filing Separately (MFS).
Foreign Bank and Financial Accounts provides tax filing guidance for taxpayers who have financial assets in foreign countries. Also contains filing requirements and penalty information for failure to file.
Health Care Reform: Cost Sharing Subsidy for Individuals with High-Deductible Plans provides information on the subsidy for individuals with high-deductible health insurance plans and how to apply for the subsidy.
Health Care Reform: Individual Insurance Requirement details the requirements of individuals to purchase health insurance. Also provides a list of exempt individuals and information on the penalties for failing to maintain coverage.
Health Care Reform: Premium Assistance Credit explains the premium assistance credit and who is eligible for the credit. Also provides the definition of minimum essential coverage.
Health Care Reform: State Health Insurance Exchanges explains how the state health insurance exchanges operate and how to apply for coverage.
Health Savings Accounts (HSAs) discusses the provisions of HSAs and explains the rules and limitations.
High-Income Taxpayers provides a listing of deduction limitations for taxpayers who have a higher taxable income.
Hobby Versus Business explains the deduction limitation for activities that are considered a hobby. Also lists the factors that may determine whether an activity is a hobby or a business.
Identity Theft and Your Taxes provides guidance on the steps the taxpayer should take to file their valid income tax return as well as specific things to do to prevent future problems. [For taxpayers who are victims of identity theft and may find that the thieves have filed a fraudulent income tax return.]
Itemized Deductions: Casualty and Theft Losses identifies which losses are deductible and which gains realized are taxable. Also discusses disaster relief.
Itemized Deductions: Education Expenses discusses which education expenses are deductible as itemized deductions and defines the tax treatment of educational assistance programs.
Itemized Deductions: Homeowners identifies expenses for homeowners that are deductible as itemized deductions. Also includes a chart for home mortgage debt limits.
Itemized Deductions: Interest Paid differentiates interest expenses that are deductible from those that are not deductible. Also discusses reverse mortgages.
Itemized Deductions: Job Expenses discusses the deductibility of unreimbursed job expenses and contains information on deductibility of uniforms and travel expenses as an employee.
Itemized Deductions: Medical Expenses discusses which medical expenses are deductible and who can deduct those expenses. Also highlights the deductible expenses for long-term care and nursing home costs.
Itemized Deductions - Miscellaneous Itemized Deductions discusses the items that are subject to the 2% Adjusted Gross Income (AGI) limitation as well as those items that are not subject to the 2% AGI limitation.
Itemized Deductions: Taxes Paid discusses which taxes paid are deductible as well as any limitations on the deductibility of those taxes.
Kiddie Tax discusses the tax treatment of a child's unearned income. Also compares the reasons to file a separate return for the child versus reporting the income on the parent's return.
Moving Expenses provides information on the deductibility of moving expenses as well as guidance on which expenses are deductible and on handling employer reimbursements.
Multi-State Taxation provides guidance to taxpayers who have state income tax liabilities to more than one state. Also provides state tax information for taxpayers associated with the military.
Real Estate Professionals details the requirements of individuals to qualify as a real estate professional and the special rules for real estate activities.
Sale of a Principal Residence discusses the requirements to exclude gain on the sale of a principal residence and the reduced maximum exclusion that is available for certain taxpayers.
Same-Sex Married Couples explains the tax filing requirements for same-sex married couples and provides information on amending previously filed returns.
Standard versus Itemized Deduction compares the use of the standard deduction versus using itemized deductions. Also discusses the phaseout of the itemized deductions.
Stock Options - Same Day Sales provides guidance on the taxation of exercising stock options and details the tax reporting of these transactions.
Tax Facts and Figures provides charts of inflation-adjusted tax provisions.
Tax Scams - Protect Yourself contains information on types of tax scams including IRS impersonation scams and guidance on taxpayers protections and specific actions to take.
Taxable Social Security Benefits explains the calculation of income to determine what amount, if any, of Social Security benefits are taxable. Also provides strategies to prevent Social Security benefits from becoming taxable.
Taxpayers Who Receive an IRS Notice explains what rights the taxpayer has and how taxpayers should handle affairs once they have received a notice from the IRS. Also discusses how to avoid future notices.
Tipped Employees provides information on recordkeeping requirements and how to report tip income.
What Should You Do if You Can't Pay Your Taxes? explains the options a taxpayer has when he or she cannot pay the taxes due by the due date. Also provides information on requesting an installment agreement.
Withholding - Filling Out Form W-4 provides an explanation of what Form W-4 is, how it is used by employers, and guidance on filling out the form.