It's finally time to start paying all those college-related expenses you've been saving for all these years. Be sure to take maximum advantage of the various tax breaks available to you for education expenses - they're free money too!

(Originally posted 2/28/2008). A few weeks ago we promised to review all of the free federal tax software that the Internal Revenue Service and 19 tax companies provide taxpayers who make $54,000 or less a year ($56,000 in 2008). True to our word, three FiLifers who qualified for the Free File service gathered together their tax ...

So, what if you just filed this year’s taxes and realize that you’ve made a mistake? And just to be safe you decide to go through past years’ taxes and realize you’ve made mistakes on some of them as well.

Tax expert S. Kay Bell offers advice on how to handle your tax life when dealing with a divorce. These tips come straight from her new book The Truth About Paying Fewer Taxes. Bell also runs her own blog Don't Mess with Taxes.

The level of tax-prep assistance you need will depend on the sophistication of your finances and investment returns.

Questions to ask tax prep service providers.

More common than LLCs or S corporations, a C corporation is taxed under federal income tax laws and is generally considered more insulated in terms of limiting personal liability than the other two.

An LLC, or limited liability company, is a legal entity, or form of business, that provides limited personal liability to the company’s owners for any debt incurred or legal actions taken against the company.

An S corporation is a small business corporation that has filed for S corporation tax status.

Which tax-prep service you choose will depend on whether you want a person helping you one-on-one or easy-to-use software.