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The Internal Revenue Service announced today the availability of IRS2Go 2.0, an expanded version of its smartphone application designed to provide taxpayers easier access to practical tools and information. The new app, available on the Apple and Android platforms, adds a new YouTube feature, news feed and tax transcript service in addition to existing tools, such as checking on the status of a ta

As part of a continuing effort to improve service to taxpayers, the Internal Revenue Service announced today the availability of a new online tool to help people easily find a location for volunteer tax preparation assistance. The new tool, available 24 hours a day on IRS...

The Internal Revenue Service and the Justice Department today announced the results of a massive national sweep cracking down on suspected identity theft perpetrators as part of a stepped-up effort against refund fraud and identity theft...

The Internal Revenue Service has increased the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes...

When Stephen McDow discovered there was an extra $110,000 from the IRS in his checking account, it was probably one of the best days of his life. Unfortunately, the money wasn’t for him.

IRS e-file has passed a major milestone...over one-billion served. The Internal Revenue Service's e-file Program has passed the one-billion mark for individual tax returns processed safely and securely since 1986. Prior to the April 18th deadline, IRS e-file passed another high point, as well, since more than 100-million individual tax returns were e-filed during the 2011 filing season... Read Mor

Remember when your mother scolded you for running up the stairs two steps at a time? "Slow down," she would say. "You're going to trip and hurt yourself." Taking it step by step will get you there almost as quickly with much less chance of a painful fall. As usual, mom was right.  And her wise words are just as applicable to your tax filing tasks.

With the deadline for filing your federal tax returns less than a week off, the Internal Revenue Service says we're ahead of where we were at this time last year.

Yesterday, I told you about seven no-no's when it comes to deductions if you don't want to get audited.  Today, it's ten things you SHOULD do to keep more of YOUR money.  Since the goal of every taxpayer is to make sure the IRS gets as little as possible, you need to take every tax deduction, credit or other income adjustment you can.

Taxes are due one week from today, on Monday, April 18th.  Before you file, here are seven things you shouldn't even THINK about deducting. #1)  Your Landline Telephone. Even if you only use it for work, the IRS says the first hard-wired phone in your home is always considered a personal expense.  But you CAN deduct long distance calls as long as they're business-related.