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While many view lying to the IRS as okay, doing so can get you in real trouble

Not all lies are viewed equally by people. Some are viewed as more acceptable than others. A recent survey indicates that many individuals view lying to the Internal Revenue Service as acceptable. In the poll, 2,115 adults in the U.S. were asked about the acceptability of various types of money-related lies. One of these lies […]

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Some tax-lowering methods are legitimate, while others cross the line

One goal many individuals have when it comes to taxes is to have as little tax liability as possible. There are a variety of legitimate techniques out there for trying to reduce one’s tax exposure. Pursuing these legitimate techniques is called tax avoidance, and it is perfectly legal. However, there are lines the federal government

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Avoiding work expense deduction mistakes important

Mistakes on one’s federal tax returns can expose a person to considerable troubles. Such errors could lead to a person facing Internal Revenue Service scrutiny and collection tactics. One type of tax error that can be particularly problematic is claiming a deduction one isn’t actually entitled to. One area where individuals sometimes fall into deduction

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Good record-keeping vital when claiming deductions for donations

There are many things individuals are allowed to claim deductions for on their federal taxes. One of the things that quite a few taxpayers claim deductions in connection to are donations to charitable organizations. Now, there are a plethora of rules regarding charitable giving deductions. Among these are the documentation rules related to such deductions.

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