Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS has warned taxpayers to watch for promotions involving exaggerated art donation tax deduction deals that target high-income ...

The IRS is warning against a tax scam involving frivolous art donation tax deductions, where promoters promise “too good to be true” art values. Unlike some other tax scams that the IRS warns ...

There are seven income tax rates, ranging from 10% to 37%. Which federal income tax brackets are you in? See how they work and how to cut your taxes. Many, or all, of the products featured on this ...