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The latest news, insights and tips about taxes

IRS Kicks Off Tax Return Season

    • As tax season kicks off i found this new website http://www.relaxtax.com to be simple, easy, and cheap. I have never done my taxes online before but after this easy experience I think I will do my taxes online from now on. I would definitely recommend this to anybody!

    • Many taxpayers make the mistake of hiring a tax company and expecting them to wipe the debt away.
      Don’t feel bad, I did it too.

      Tax companies are being shut down left and right for unethical practices.
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    • “Families claiming education credits will need bills to show what was paid out of pocket compared to what was covered by loans…” There is no distinction between qualified tuition and related expenses paid out of pocket and covered by loans. Per IRS Publication 970, “You can claim an American opportunity credit for qualified education expenses paid with the proceeds of a loan. Use the expenses to figure the American opportunity credit for the year in which the expenses are paid, not the year in which the loan is repaid. Treat loan payments sent directly to the educational institution as paid on the date the institution credits the student’s account.” The same is true of the lifetime learning credit.

    • I can’t seem to find the answer to this irafly simple question. I have one employee who is claiming 6 deductions on her W-4. I use current updated (as of 03/2009) payroll software to calculate her check and of course the federal tax withheld is $0 so her paycheck has not changed even with the stimulus. However isn’t she entitled to an extra $10 or so per week? How does this get paid?Thanks for any insight,Pam

    • Important to find ways to build wealth, in other words, make the money not lose it. The Incompetence and the dlyaldlliy is just too much. USA, Korea,China are finding ways to prosperity . Couod really learn a thing or two from the affluent nation like England, Sweden, Australia, Switzerland, France for example and of course USA.

    • In the event you reside and breathe for singing competitions, fantastic news (everybody else, feel free of charge to sigh along with us): The CW is plotting another one particular.
      On the heels of “The X Element,” “The Voice,” “The Sing-Off,” and also the a lot more O.G. “American Idol” comes “The Star Next Door,” courtesy of Queen Latifah.
      According to Entertainment Weekly, Latifah’s on board to generate the series for The CW, which will function Gloria Estefan and country singer/songwriter John Wealthy as “superstar mentors.” The premise sees “The Star Next Door” conducting “a nationwide search for undiscovered artists on the verge of stardom,” with Estefan and Wealthy traveling “to where the talent is” and coaching the contestants locally to ensure that they can then “represent their property city reside on stage in front of America.””The Star Next Door” is set to air this summer on the network, in addition to “Breaking Pointe,” a reality series regarding the globe of ballet, and “The Catalina,” which follows the staff and guests of a Miami hotel.

    • AMAZING!! Thanks for posting these phtoos so quickly! They took our breath away and even brought a little tear to both of our eyes. They are incredible and perfect and we could not be more excited to have you guys shoot our wedding. Can’t wait!! Happy Valentines Day!

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