Millions of people enjoy hobbies that are also a source of income. Some examples include stamp and coin collecting, craft making, and horsemanship.You must report on your tax return the income you earn from a hobby. The rules for how you report the income and expenses...

The IRS is again warning the public about phone scams that continue to claim victims all across the country. In these scams, thieves make unsolicited phone calls to their intended victims. Callers fraudulently claim to be from the IRS and demand immediate payment of...

If you rent a home to others, you usually must report the rental income on your tax return. But you may not have to report the income if the rental period is short and you also use the property as your home. In most cases, you can deduct the costs of renting your...

Many people change their job in the summer. If you look for a new job in the same line of work, you may be able to deduct some of your job hunting costs.Here are some key tax facts you should know about if you search for a new job:Same Occupation.  Your expenses...

When it comes to legal separation or divorce, there are many complex situations to address. A divorcing couple faces many important decisions and issues regarding alimony, child support, and the fair division of property. While most courts and judges will not factor...