Self-employed individuals and employees who work out of their home are allowed to deduct business expenses relating to part of their home.

Alabama has become the 32nd state with an independent tax appeals process.

When an  S election is not filed, the corporation is treated as a C Corporation and its losses/gains are taxed to the corporation.  

The Affordable Care Act is part health law, part tax law.  

The NIIT applies at a rate of 3.8% to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.

The Affordable Care Act is about to collide with the U.S. tax-filing season, adding frustration for millions of taxpayers trying to figure out how to comply and how much they will owe the government.