1. This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers. 2. Eligible self-employed taxpayers can benefit from the credit by...

The Internal Revenue Service issues a list of the top 12 tax scams each year – known as the Dirty Dozen. The scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. These scams don’t just...

Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what type of business entity you are going to...

The Internal Revenue Service stands ready to help individuals and businesses affected by the oil spill in the Gulf of Mexico. IRS Taxpayer Assistance Centers in several Gulf Coast cities will be open Saturday July 17 to provide help to taxpayers dealing with tax...