Tax Center

Sponsored by
TurboTax
  • The downside of striking it rich

    Many people think winning the lottery or getting a hefty inheritance means all their problems will disappear. But sometimes when that daydream turns into a reality, it can actually become a nightmare.

    Yahoo Finance
  • Play

    My experience getting audited

    It's every taxpayer’s worst nightmare – an audit. Sure, big corporations and billionaires with off-shore bank accounts can expect some extra attention from the IRS. But what about personal finance bloggers who spend their days dishing advice on sound financial decisions – there’s no way they could…

    Yahoo Finance Video
  • Here's what it's like to get audited

    It’s every taxpayer’s worst nightmare – an audit. Sure, big corporations and billionaires with off-shore bank accounts can expect some extra attention from the IRS. But what about personal finance bloggers who spend their days dishing advice on sound financial decisions – there’s no way they could…

    Yahoo Finance
  • Play

    What's your 2014 tax bracket?

    Yahoo Finance is answering your most-searched finance questions of the year. The second most-asked question was: "What's my 2014 tax bracket?"

    Yahoo Finance Video
  • Lessons from celebrity financial mistakes

    When "Game of Thrones" actress Lena Headey got divorced, she had less than $5 in her bank account and had to rely on credit cards to support herself and her young son, she said in court filings that were obtained by TMZ and E! News. Her story brings to mind other recent celebrity brushes with…

    U.S.News & World Report
  • Do You Really Want A Tax Extension?

    It’s that time of year again…tax season. For many small business owners, taxes top the list of business-related concerns. In fact, the NFIB’s Small Business Economic Trends survey, released earlier this year, revealed that 20 percent of companies cite taxes as their biggest problem. With April 15…

    Business 2 Community
  • 5 higher taxes for wealthy taxpayers

    Here's a look at these five tax situations and the income levels to which they apply.

    Bankrate.com
  • It's not just you: It's really taking longer to do your taxes

    For more and more taxpayers, tax season lasts most of the year.

    Bloomberg
  • 5 Lessons from Celebrities Who Cheat on Their Taxes

    Here are 5 lessons you can learn from celebrities who got into some serious tax trouble.

    The Cheat Sheet
  • How Long Will Your Tax Refund Really Take This Year?

    The IRS will begin accepting returns on January 20th. When will your refund arrive?

    The Cheat Sheet
  • Procrastinating On Your Taxes? Your Accountant May Fine You

    Anil Melwani, a CPA and founder of 212 Tax & Accounting Services, starts with a carrot—a 10 percent discount to clients who hand in their documents or come in before the end of February. Marilyn Niwao, a CPA and president of the National Society of Accountants, tells clients that if all their tax…

    Bloomberg
  • Tax tips for the unemployed

    Unemployment compensation is taxable income. A few years ago, a small amount of unemployment benefits were exempted from taxation, but that tax break has expired. You'll get a Form 1099-G that will tell you how much unemployment you must report on that year's tax return. If you opted not to have…

    Bankrate.com
  • Abolish the IRS? Easy to say, but awfully hard to do

    Promising to abolish the Internal Revenue Service is a good talking point for political candidates who are looking to fire up the Republicans' most conservative voters. It's also unlikely to ever happen, ...

    Associated Press
  • How Does An IRS Audit Work?

    It doesn't automatically mean an IRS agent will be ringing your doorbell. Here are the different types of IRS audits and how to handle them.

    Investopedia
  • Don't you dare deduct these expenses!

    There are some deductions you should steer clear of.

    Bankrate.com
  • Why Obamacare Has Made Tax Filing an Even Bigger Headache This Year

    This is the first year that health reform crops up on your tax return. And a new study finds that many Americans who got help with health insurance premiums in 2014 now owe the IRS money.

    Money
  • How to ask for a tax extension

    Every citizen is eligible for an automatic extension on their taxes

    USA TODAY