tax audit

If you are a first-time homebuyer and missed out on the $8,000 Homebuyer Tax Credit because you didn’t make the April 30th deadline, you still have tax incentives to look forward to in the future. One of the benefits of buying a home is that you can deduct the mortgage interest you are paying on [...]

As April 15 inches closer, many are beginning to get their tax documents together and prepare to file their tax returns. However, there are many who don’t have all their tax documents by the requisite time, or who want a little extra time to make some savvy tax moves for their 2009 returns. In such [...]

To help you make the most of your 2009 taxes, here are some tax tips to help you organize, prepare, and take advantage of the available tax deductions and tax credits for 2009 tax year. Instead of trying to compile my own list, I reached out to a few personal finance bloggers to share their [...]

While random chance plays its role in tax audits (sometimes there is just no way to avoid some sort of an audit — no matter what you do), there are some red flags that may prompt a closer review of your paperwork. Here are some tips for avoiding a tax audit.

If you’re responsible for dealing with your own taxes, it can be beneficial to hire an accountant to make sure that you’re deducting everything that you’re entitled to. In most cases, whether you need to use a tax professional depends on your situation. If you are a regular employee who fills in W-2 forms and [...]

Good news! H&R Block is sponsoring a giveaway for readers of Moolanomy (that’s you). The prizes include 4 copies of the TaxCut Premium Federal + E-file software ($34.95 retail value). TaxCut Premium Federal + E-file software gives you the advanced tools and guidance for maximizing deductions and tax savings associated with home ownership, education, investments, [...]