Have you ever wondered if it was actually necessary to file a tax return? Perhaps your income is relatively low, and so you wonder if it’s really required of you to file a return.

If you are a small business owner and pay an individual or business more than $600 in a year, you (the business owner) will need to send that business or individual a 1099.

For those seeking to lower their tax obligations this year, gifting can be an excellent way to do it. See what type of gifts, how much, and who you can gift to.

Tax payers beware, 2011 marks the end of numerous popular tax breaks and provisions. Take a look at the list of 8 that we’ve compiled to see how you will be affected.

Have financial accounts overseas? There are very special reporting requirements that you’ll need to be aware of.

The credit is considered “expanded” due to the changes made by the Affordable Care Act of 2010, which increased the amount of the credit, while also making the credit refundable.