WASHINGTON — The Internal Revenue Service today reopened the offshore voluntary disclosure program to help people hiding offshore accounts get current with their taxes and announced the collection of more…

The Internal Revenue Service reminds taxpayers to keep in mind that many variables can affect the speed of a tax refund. Using e-file with direct deposit remains the fastest option…

There are alternatives to RALs: Taxpayers who file online and have their refunds deposited directly into their banking accounts can expect their refunds to be deposited in as little as…

You may be eligible for a tax credit if you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement. Here are six things the IRS…

Maxed-out Retirement Plan ContributionsThe average taxpayer might have difficulty making the maximum $16,500 annual pre-tax contribution to an employer-sponsored 401(k) or even maxing out a traditional IRA with its low…

Stories about millionaires and billionaires who pay little or no income tax make great headlines, especially when these people have committed tax fraud. However, the methods that most wealthy taxpayers…

Investment IncomeSome wealthy people are able to pay taxes on a lower percentage of their incomes than the non-wealthy because the wealthy generate significant earnings from investments that are taxed…

The IRS wants to remind all taxpayers that with the New Year fast approaching, there is still time for you to take steps that can lower your 2011 taxes. However,…

WASHINGTON — Nearly 160 million workers will benefit from the extension of the reduced payroll tax rate that has been in effect for 2011. The Temporary Payroll Tax Cut Continuation…

Tax Foundation Special Report No. 194 Key Findings· While the corporate tax code—like the individual tax code—is complicated by too many credits and deductions that benefit a narrow set of…