Because the IRS typically requires taxpayers to make a claim for a refund within three years of filing their return, ...

A $1 million municipal bond portfolio yielding 5% generates $50,000 per year in interest income that the federal government cannot touch. For a married couple in the top tax bracket, that same $50,000 ...

Many new tax breaks aren't automatic, including a tax break on tips, overtime, car loan interest or a bonus for those 65 and older. We are not heading anywhere close to tax simplification. It's likely ...