Income Tax

Income tax is a personal tax levied on all income and wages. Different amounts and types of income are subject to difference kinds of regulations from the IRS. Learn more here about different situations involving income tax from the articles, blog posts, radio shows and videos.

Featured Income Tax Article

Tax Treatment of Inherited IRA: Subject To Taxes

Added July 23, 2009 by Ilyce R. Glink

If you inherit an IRA account, you have some choices with what to do with the money and the tax treatment you receive from teh IRS. In some cases, if you do nothing, your money will be subject to federal income taxes. If you roll the money over into a new IRA account you can avoid paying taxes right away. If you take all the money out right away, you will have to pay taxes on the full amount as income.

Income Tax Videos

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How Long Does It Take To Recover From Identity Theft?

May 19, 2009

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The average identity theft case takes 26 hours to resolve, but you may be dealing with the effects of identity theft for several years. If someone has used your social security number or other personal information to create a synthetic or false identity, chances are they have used your personal…

Watch Video: How Long Does It Take To Recover From Identity Theft?