Income Taxes
Tax excuses the IRS won’t buy
U.S. taxpayers have tried just about everything to get out of paying their taxes, the IRS admits, but very few of these excuses are likely…
What to do when they garnish your wages
Wage garnishment isn't the end of the world, but there are ways to soften the debt collector's blow. NEW YORK (MainStreet) — With millions…
Tax help for military service members
There are many challenges that come with serving in the military, but worrying about managing your taxes shouldn’t be one of them. Fortunately, there is…
Taxable Income
Types of Income You’re Taxed On & What Is Tax-Exempt During the year, you may receive income in the form of money, property, or services.…
Income Tax Basics
Your Guide to Federal Income Taxes in the United States For most Americans, the thought of paying income taxes is stressful and unpleasant. While everyone…
How Job Loss Can Affect Your Income Taxes
How does losing your job affect your income tax? The first and most obvious answer is that, unless you obtain a new job or source…
Income Taxes for the Self-Employed
You are considered to be self-employed if you engage in a trade or business as a sole-proprietor or an independent contractor. Some examples would be…
Understanding the Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) was originally established to target the wealthiest of taxpayers and was called the 'Millionaire's Tax.' Established in 1969 (as the…
