The tax would be imposed on stock, bond, derivatives, partnership interests, actively traded commodities and currencies, according to an outline of the plan.

The IRS mailed more than 188 million notices and letters to taxpayers during 2014.

A person must take a Required Minimum Distribution (RMD) from their IRA each year once they reach age 70.5.

For 2016 planning, your estimated taxable income determines which of the seven federal tax brackets will apply.

If you are attending college, or have a college student in your household, the following is a brief summary of the various education credits and deductions that may be taken on your tax return:

This year, several tax forms have been revamped to make the process easier and more efficient.