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WebTaxCenter News Releases
Tax Credits for Home Improvements
Get up to $500 in tax credits for energy-saving home improvements.
Abusive Home Based Business
If it sounds too good to be true...
Adjust Your Withholding
Don't give Uncle Sam an interest-free loan.
Buying Your First House
At long last, you are about to realize the American Dream—owning your own home!
Do I Have to File a Tax Return?
If your income is low enough, you may not need to file a tax return.
Education Savings
Uncle Sam wants to help you pay your education expenses.
Filing Status Issues in Divorce
Although there are many issues in divorce that affect your tax liability, this article only deals with issues related to filing status.
How to Save your Minister Some Taxes and Avoid the IRS
As a dual-status individual, ministers are not subject to withholding on their income, but must make quarterly payments of their estimated tax unless they choose to have taxes withheld from their paychecks.
Income Issues in Divorce
When a couple goes through the divorce, a major area of concern should be the property settlement and related financial issues.
Kiddie Tax
If your dependent child has investment income, you may be subject to what is commonly referred to as the "kiddie tax."
Living Abroad
Regardless of the reason or length of your stay, living in another country will have an impact on your U. S. income tax return.
Military Tax Benefits
If you are a member of the United States Armed Forces, there are a number of provisions in the Internal Revenue Code that will reduce your income tax liability.
Miscellaneous Income
In addition to the major categories of income, there are a number of income items that are also included in taxable income.
Moving Expenses
Moving expenses are reported on Form 3903 and are deductible on page 1 of the 1040.
Not Taxable Income
Not all income is considered taxable.
Older Americans Receive Tax Breaks
There are some tax breaks we can receive as older Americans.
Online Businesses
Operation of an online business, auction or otherwise, is subject to the same rules and regulations as any other business.
Rental Income and Expense
If you have rental property, you probably have to include the income on your tax return.
Selling Your Home
You can exclude up to $250,000 of gain ($500,000 if married filing jointly) on the sale of your home if you meet the use and ownership tests.
Social Security and Railroad Retirement Benefits
If you receive social security or railroad retirement benefits, some of the income may be taxable.
Tax Breaks for Education
The Federal government currently has several opportunities for taxpayers to save on their taxes by making qualified educational expenses.
Taxes and Household Employees
Most households today have two wage earners, and the increasing affluence of the American people has resulted in more individuals having household employees.
Troubles with the IRS
If you have troublesome tax issues, you may request the services of the Taxpayer Advocate Service (TAS).
Did You Receive Stock in an Insurance Demutualization?
You may be eligible for a capital gains tax refund, but time is running out.
Taxes and Debt Cancellation
Important information about the taxability of cancelled debt.
Hobby or Business?
Tax considerations for your hobby or business.
Getting A Quick Tax Refund
Important information about refunds, loans, and e-filing.
The Alternative Minimum Tax
Information about the AMT.
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