The American opportunity credit modifies the existing Hope credit for tax years 2009 and 2010, making it available to a broader range of taxpayers. Income guidelines are expanded and required…

Originarticleimg The roots of IRS go back to the Civil War when President Lincoln and Congress, in 1862, created the position of commissioner of Internal Revenue and enacted an income…

This research explored how “online virtual worlds such as ‘World of Warcraft’ and ‘Second Life’ can help organizations collaborate and compete more effectively in the global marketplace.” (It also found way…

Federal agencies spend an estimated $2.6 billion on printing. Many of those trees could have been spared–such as the ones used in the $28 million spent on the daily printing of…

Estimated tax is the method used to pay Social Security and Medicare taxes and income tax, because you do not have an employer withholding these taxes for you. Form 1040-ES,…

The term “points” is used to describe certain charges paid to obtain a home mortgage. Points are prepaid interest, and may be deductible as home mortgage interest, if you itemize…

Some tax rules affect every person who may have to file a federal income tax return – these rules include dependents and exemptions. Here are six important facts the IRS…

WASHINGTON — The Internal Revenue Service today announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests.…

To be your qualifying child for EITC, a child must have a valid Social Security Number and pass all the age, relationship, residency and joint return tests. Your child must…

IRS considers disability retirement benefits as earned income until you reach minimum retirement age. Minimum retirement age is the earliest age you could have received a pension or annuity if…