Last year, nearly 1.7 million taxpayers were asked to take the ID Quiz; this season that number was reduced by nearly two-thirds, to about 665,000.

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

Intermingling personal and business finances may lead to disallowed deductions

Summer jobs are an excellent opportunity to learn responsibility in the areas of work ethic, time management, and financial responsibility.

There are virtually countless charitable organizations to which you might donate.

Keep in mind these cost-of-living increases for various tax exemptions and deductions, taxable income, and contributions limits.