Do it Yourself Tax Returns Trend Continues

More and more taxpayers are opting to file their returns themselves according to the IRS. This has been confirmed by H & R Block and Liberty Tax Services as well.  Turbo Tax filings, on the other hand, were up for the most recent periods its consumers have...

Reporting Alimony and Avoiding a Mismatch

If you are divorced and either receiving or paying alimony the IRS may start looking at how each of you reports on your tax return.  When one of you takes a deduction for alimony, the other should be reporting it as income. This gets tricky, if for example, a payment...