Tax Tips: Can I do my taxes myself?

Whether someone can do their own taxes is an interesting question. The U.S. tax code gets more and more complicated with each passing year. Another year, another set of rules added to the previous set of rules.

If you have a very simple and straightforward tax situation, with a job, a house, and a family, it might be fairly easy for you to fill out your forms online with the help of TurboTax or one of the free filing programs offered by various companies. But once you add things like self-employment income, distributions from retirement funds, capital gains taxes, and any of a zillion of other items that must go on your tax returns, it's probably too complicated for the average person.

When in doubt, get some help. If you can't afford to hire a tax preparer, many cities have volunteer tax assistance programs offered through local colleges or non-profit organizations. See if there is one available near you.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

7 Smart Ways to Invest Your Tax Refund

You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you.

Read More

Brought to you by TurboTax.com

Video: Deducting Charitable Contributions

You can deduct most or all of your charitable contributions. Just be sure to follow the IRS's hard-and-fast rules.

Read More

Brought to you by TurboTax.com

How to Start Tax Planning

A little tax planning can be a big help at tax time each year.

Read More

Brought to you by TurboTax.com

Tax Tips for the Legally Disabled

Several tax breaks are available for people living with disabilities. These tax breaks aren't always obvious, though. You have to know where to look for them.

Read More

Brought to you by TurboTax.com
Read Full Story