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Tax collection is the agency's business, but in some cases it's not worth the effort. These are some of the taxable benefits the IRS ignores.

Most people agree that the Social Security program needs to be adjusted. But not everyone agrees on the next steps.

Even when anti-tax sentiment is running high, as it has been in recent times, Americans overwhelmingly accept the principle that filing an honest tax return is a civic duty.

  

Despite calls to raise tax rates on the wealthy, the reality is that we all want to pay as little in taxes as possible...  Most of us look for opportunities to eke out bigger deductions and reduce our overall taxable income. But it's easy to cross the line and unintentionally do things on our tax returns that make us auditing targets.
 

Ask yourself these questions to make sure you are on track to avoid financial collapse. … 

WASHINGTON — The Internal Revenue Service today issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

WASHINGTON — The Internal Revenue Service today announced the nationwide rollout of a streamlined program designed to enable small businesses under audit to more quickly settle their differences with the IRS.

The open enrollment period to purchase health insurance coverage for 2014 through the Health Insurance Marketplace runs from Oct. 1, 2013, through March 31, 2014. If you are seeking information about how to obtain health care coverage or financial assistance to purchase health care coverage for you and your family, visit the Health and Human Services website, HealthCare.gov.

WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2013 and the years ahead, according to the Internal Revenue Service.

The goal of every taxpayer is to make sure the Internal Revenue Service gets as little as possible. For that to happen, you need to take every tax deduction, credit or other income adjustment you can.

 

Here are 10 tax breaks -- some for itemizers only, others that any filer can claim -- that often get overlooked but could save you some tax dollars.

Filing your tax return is a once-a-year event but trimming your tax bill requires year-round attention. If you managed to claim every possible tax break that you deserved when you filed your return this spring, pat yourself on the back. But don't stop there

Year-end tax planning should be easier this year than last. Thanks to the new law enacted in January, you won’t have to wait to see whether Congress will reinstate popular breaks that have expired.

    

Uncle Sam may not collect taxes until next year, but there are things small business owners can do now to prepare. After all, wait until tax time and you’ll be scrambling not only to get your paper work in order, but potentially even to find the funds to pay your bill.