Tax Planning

9 Unexpectedly Powerful Insights From Doing Our Taxes

9 Unexpectedly Powerful Insights From Doing Our Taxes

At the dreaded tax time, when we brace for the bad news of how many of our hard-earned dollars are going to the government. But going through the process of collecting all this financial information about the past year can be so much more than just tax prep.

Avoid an Audit by Knowing These 6 Red Flags

Avoid an Audit by Knowing These 6 Red Flags

If history is any indicator, fewer than 1% of Americans will be audited by the Internal Revenue Service (IRS) in the coming year.1 Of that small amount, some of the audits are totally random. But many are triggered by actions taxpayers themselves have taken.

Watch Out for These Common Tax Scams

Watch Out for These Common Tax Scams

While tax scams are especially prevalent during tax season, they can take place anytime during the year. If you see a scam, be sure to report it to the Internal Revenue Service at irs.gov, the Federal Trade Commission at ftc.gov, the Treasury Inspector General for Tax Administration at tigta.gov,and/or your local police department.