Severance Payments Are Taxable

Most people don't want to think about losing their jobs. However, it is best to know the law and to plan ahead just in case you get surprised by bad news. It may come as a shock to hear that severance payments are taxable.

Work at Home? Here’s How to Avoid an Audit

The Consumerist has a helpful list of tax tips to follow to avoid being audited by the IRS. Some of these sage pieces of advice are relevant to people who work at home, or who run home-based businesses. If you work at home, take heed of these three things when reporting your income.