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YIKES! You have a large refund

For some reason, some believe it is better to receive than give when it comes to filing taxes. While that may help your savings account, it is not always a great idea. Here’s why.

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Income the IRS Can’t Touch

Wouldn’t it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax.

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Tax Return Review Hints

Prior to e-filing your tax return, you will need to review it. Here are some suggestions to ensure that everything looks right.

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Defending Fair Market Value

With proper planning, establishing the fair market value of an item sold or donated can be done in a way that can be defended against a challenge from the IRS.