Interesting new trends about individual and business taxpayers have been revealed in statistics released by the IRS this year. Click "Full Article" to see what has changed, and check out a chart revealing what the average taxpayer deductions are for medical deductions, interest, charitable contributions and state/local taxes.

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Is your business feeling the effects of the current economic downturn? There might be a way to give your firm a financial boost without cutting back on expenses. It all has to do with the method your firm uses to account for its inventory -- FIFO or LIFO. Here are the details.

 And ... could LIFO be repealed? Click "Full Article" for the answer.

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  Timely Opportunities

The recent turmoil at a number of famous financial institutions has caused some investors to worry about the safety of their assets. What kind of federal insurance protection is available if your bank or credit union fails? Is your money market mutual fund safe? What if your brokerage firm closes due to bankruptcy or other financial difficulties? Will you get your money and assets back? Click "Full Article" for the answers.
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  Business Tax

These days, it seems everyone is talking about protecting the environment. Businesses are no exception. Here are eight tax breaks your organization might be able to claim for "going green"
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  Personal Tax

Dividing assets in a divorce can involve complex financial issues. This article explains the some of the tax implications of real estate, personal property, investments, business ownership interests, and similar assets -- both before the divorce and after it becomes final.
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