How do I negotiate my IRS Tax Debt on my own?

Answered by: Amanda, An Expert in the Tax Debts Category

IRS Tax Debt is one of the most common debts in the US, though not one that is widely talked about. Many people right now are sitting at home and seeing commercials for IRS Tax Deb...

Can I file married filing jointly?

Answered by: Krishna, An Expert in the Filing Status Category

Filing your taxes is already stressful enough without having to worry about what your relationship status is in the eyes of the IRS. However, for many Americans, this is exactly t...

How do I Claim Head of Household on my Taxes?

Answered by: Angela, An Expert in the Filing Status Category

The head of household filing status allows you to claim a larger standard deduction than the single status. A standard deduction is a set amount, determined by your filing status t...

How does a capital gains tax rate affect my investment earnings?

Answered by: Tom, An Expert in the IRS Info Category

Unless funds are invested within a legal tax shelter such as an individual retirement account the U.S. Internal Revenue Service, or IRS, will be looking for taxes due when a given ...

Do American residents abroad have to pay U.S. taxes?

Answered by: Allison, An Expert in the Filing Your Taxes Category

American residents abroad are often out of touch with U.S. laws and regulations, but it has become increasingly important for taxpayers to familiarize themselves with U.S. tax laws...

Do You Know how to Increase Your Personal Tax Deductions on Schedule A?

Answered by: Michele, An Expert in the Filing Your Taxes Category

Each and every tax filer is allowed a personal tax deduction on their return. This deduction lowers the amount of income that taxes are paid on, giving the filer a bit of a break o...

How can I file my Internal Revenue Service 1040 tax return for free?

Answered by: Kay, An Expert in the Filing Your Taxes Category

Many people are surprised to find that they can file their annual Internal Revenue Service 1040 tax return for free. If your gross adjusted income is $58,000. or less, you may qual...

How do I lower Federal income taxes for business by providing employee benefits?

Answered by: Mike, An Expert in the Business Taxes Category

One strategy to lower federal income taxes a business pays to the government is by providing benefit plans to employees. Not only is there a benefit from lower federal income taxes...

Who Qualifies to Use the Head of Household Filing Status On an Income Tax Return?

Answered by: Selena, An Expert in the Filing Status Category

Taxpayers who file using the head of household filing status receive a larger standard deduction than those who file using the single status. In 2010, head of household filers were...

Is there an education tax credit available for people paying college tuition?

Answered by: Brenda, An Expert in the Deductions and Credits Category

Several tax benefits are available for college students or parents who are paying tuition for their dependents. The newest and most beneficial education tax credit is the American...

Should I be itemizing tax deductions?

Answered by: Anita, An Expert in the Deductions and Credits Category

Itemizing Deductions on a Federal Tax Return It’s simple to determine whether to itemize deductions. A taxpayer’s deductible expenses are totaled and compared to the standard de...