In your tax planning, don't overlook how your tax-saving strategies might be affected by the alternative minimum tax. What is the alternative minimum tax? [...]

With the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt. You would think [...]

Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Money [...]

Tick-tock. Time is almost up on that six-month extension you filed back in April to give yourself more time to complete your 2011 individual [...]

Here's an important reminder for small nonprofit organizations: If your organization had its tax-exempt status revoked for failing to file an annual return from [...]

If you want to give your tax record keeping skills a performance boost, do what accounting professionals do. 1. Maintain a separate bank account [...]