How Do You Amend Your Federal Income Tax Return
If you discover an error or mistake after you file your tax return, it can be corrected by filing an amended income tax return. Here are some of the basic rules and concepts to keep in mind: more...

More Relief For Innocent Spouses: IRS Now Limits Two Year Rule
Where someone filesfiles a joint return, Section 6015 of the Internal Revenue Code provides innocent spouse reliefto help a taxpayer who did not know and did not have reason to know that his or her spouse understated or underpaid an income tax liability.There are basically three ... more...

STUDENTS AND SUMMER JOBS: Tax Tips
Here are some tax tips for students involved with summer jobs. more...

Five-Month Extension for Partnership, Trust and Estate Returns Finalized
The IRS just released final regulations setting the time for automatic extensions of partnership, trust and estate income tax returns at five months. Under this rule, the extended returns and Schedules K-1 for partners and beneficiaries will generally be due Sept. 15. more...

IRS Changes Optional Mileage Rate For the Rest of 2011
The Internal Revenue Service announced an increase in 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 instead of the actual costs. more...