- advertisement -
Mortgages Home Equity Loans Auto Loans Savings and CDs Credit cards Calculators
   
 

Tax Toolbox

 

Doing your taxes can be less frustrating, less time-consuming and less costly if you're prepared.

5 terrible tax surprises

You've always followed the sage advice of the late singer-songwriter Jim Croce: You don't tug on Superman's cape, spit into the wind or try to pull a fast one on the IRS.

OK, maybe that last one wasn't one of Jim's lyrics, but the sentiment -- know the consequences before you act -- still applies.

Unfortunately, that's not always easy to do when it comes to Uncle Sam's tax collectors.

The tax law is complex and difficult for even experts to negotiate. Just when you think you've followed all the rules and researched all the angles, a tax regulation blindsides you.

Tax laws
There are many arcane and infuriating tax laws that cause filers problems. But here are five that many people might run afoul of this tax season.
5 tax surprises
Unemployment benefits
Not understanding that term insurance is temporary.
Forgiven debt
Prize winnings
Some Social Security retirement payments
-- Updated: Jan. 2, 2006
<< Previous article | Next article >>  



TABLE OF CONTENTS
 
 
 
 
 
 
 
- advertisement -


To Advertise | Investor Relations | Free E-mail Newsletters | About Us | Press/Broadcast | Register Your Bank | Online Media Kit | Create Your Own Ad | Privacy | Partnership opportunities | Order rate data | Contact us | Take Our Site Tour

Bankrate.com®
Telephone: 561-630-2400 ~ Fax: 561-625-4540
Copyright © 2009 Bankrate, Inc., All rights reserved. Terms of use

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.