Do you have an old vehicle that’s been sitting in your driveway for years collecting dirt and rust? Maybe it’s the set of wheels you used in college or a minivan from when the kids still lived at home. You could sell it, but likely wouldn’t be worth the hassle. Instead, an easy way to

If you've donated to a charity this year, the IRS wants you to know about few things - tax-exempt status, itemizing, fair market value, timing and many more.

In case the IRS ever decides to audit you, you must be ready with all the necessary documents such as W-2 forms, receipts for charitable donations, and other deductible expenses for at least six years.

Hobbies, such as woodworking, stamp collecting and scrapbooking, are often done for pleasure but can result in a profit. But if you're lucky enough to make money from your hobby, it may have tax implications. You must report income to the IRS from almost all sources, including hobbies.

With technology making it easier than ever for people to operate a business out of their house, many taxpayers may be able to take a home office deduction when filing their 2013 federal tax return next year.

Be on the lookout for email scams circulating that fraudulently use the Internal Revenue Service name or logo as a lure - all to trick you into giving up personal and financial information. The scammers can then use your information (such as your Social Security number, bank account or credit card numbers) to commit identity theft and steal your money.

What records and documents should you keep in case the IRS ever decides to audit you—and for how long should you keep them? Here’s some advice to consider: The standard statute of limitations is three years, but the IRS can audit up to six years after a filing if it suspects under-reporting of income by

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