You may find a little less in your tax refund this year if you are subject to the new 3.8% net investment income tax that went into effect at the beginning of 2013. It applies to married couples filing jointly with modified adjusted gross income (MAGI) over $250,000 and single people with MAGI above $200,000

Paying taxes may never be fun, but it has just become a little easier since the launch of the new IRS Direct Pay system, which allows you to pay your individual federal income taxes or make estimated tax payments online. No fee or pre-registration is required, and the system provides instant confirmation that your payment

Do you take your cost basis into account when it’s time to sell an asset or investment? When you sell an asset or investment, your cost basis—or the amount you originally paid for it—is subtracted from the sales price to determine your capital gain on the sale. If your latest tax return included some surprises