You might avoid debt-relief taxes if your lender forecloses on your house and cancels your mortgage. But you could still wind up owing a lot of money to the IRS.

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Losing a home? A tax bite may be next

They don’t call them tax ’shelters’ for nothing. Here’s how to rent out your house and pocket the revenue — without paying the feds.

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Stranger in the spare room? Tax break

They don’t call them tax ’shelters’ for nothing. Here’s how to rent out your house and pocket the revenue — without paying the feds.

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Stranger in the spare room? Tax break

Though the IRS is targeting abuses, the family limited partnership is a legitimate way to protect your assets. And it’s not just for the rich anymore.

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Protect your family with a partnership

The tax code allows you to buy a rental now, write off the expenses and trade up, tax-free, to a grander place you can later use for your retirement.

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Let Uncle Sam help fund a retirement home

Working from your Barcalounger may be a great deal, and it can have tax benefits. But the rules are tricky, unforgiving and potentially expensive.

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The tax traps of working at home

Owning a house gives you huge tax advantages. And in recent years, the IRS has made claiming even more tax breaks easy.

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Home, the mother of all tax shelters

The surest way to reduce your taxes is to convert personal expenditures into allowable deductions. Turn even a hobby into a business and you’ll cut your tax bill.

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The ultimate tax shelter: Owning your own business

Some people still call them loopholes. But Congress created tax shelters for economic reasons — so using them allows you to further a legitimate national goal.

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Tax shelters still exist and can save you money