Tax News

The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.  ...Read More

How you've unwittingly spent your tax break  ...Read More

As you're doing your federal income tax return, do you wonder how likely it is that the Internal Revenue Service would audit your return?  ...Read More

The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July.  ...Read More

Low-income seniors, many of whom ordinarily don't have to file with the IRS, will need to file tax returns to claim their checks.  ...Read More

The lowdown on Washington's new tax rebates: Who qualifies and how much will you get? What do you have to do? And most importantly: When will you see a check?  ...Read More

The Internal Revenue Service today warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue through the end of tax return filing season and beyond.  ...Read More

You've heard it before, during chats at a cocktail party or even just in casual conversation with a business associate: What's your tax bracket? What ... that hasn't happened to you? You need to party with more accountants. (On second thought, perhaps not.) Nevertheless, it's important that you know the truth about tax brackets, one of the most misunderstood aspects of taxes.  ...Read More

The U.S. Internal Revenue Service said on Thursday it may restrict tax preparers such as H&R Block Inc and Jackson Hewitt Tax Service Inc from offering refund loans to customers because doing so could encourage fraud.  ...Read More

The Internal Revenue Service announced today that the upcoming tax season is expected to start on time for everyone except certain taxpayers potentially affected by late enactment of the Alternative Minimum Tax "patch."  ...Read More