You’ve filed your taxes, but you’re feeling anxious.

What about that income you forgot, or “forgot”? The deduction you shouldn’t have taken, or past returns you never filed at all? 

Now you’re worried about the long arm of the Internal Revenue Service. How much time does the agency have to find you before the statute of limitations expires?

This blog post will explore the guidelines for maintaining tax records and the factors that can influence your record-keeping decisions.

Many caregivers devote their time and energy to looking after family members or friends who cannot care for themselves due to illness, disability, or old age.

Fortunately, there are tax breaks available for caregivers in various countries to help alleviate some of the financial burdens associated with caregiving.

While summer is a time for fun, it’s never the wrong time to start thinking about taxes – and some of those summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for filing season.

Saving for retirement can be tough for married spouses who stay home to care for family or otherwise have scant income. But there is a tax break offered by the Internal Revenue Service that can help them and their partner save for retirement: a spousal IRA.

The IRS isn't responsible for paying interest on tax refunds that are delayed to a mistake on your part. But if your tax return is error-free, then the IRS is obligated to issue your refund in a reasonable amount of time, defined as 45 days.