Taxes

Last Minute Tax Filing Tips

April 6, 2010

The following is a guest post from Manuel Davis, a tax accountant at Back Taxes Help, LLC. Manny has been helping taxpayers with State and IRS back taxes for over 10 years now. His firm resolves tax problems such as tax liens, tax wage garnishment, tax audits and more. Only a …

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Haiti Relief = Tax Deduction for 2009 Taxes

January 28, 2010

Normally, a charitable contribution must be made during the tax year (1/1 – 12/31) in order to claim it on your taxes.  However, on January 22, President Obama signed HR 4462 into law. Basically, taxpayers  can choose to deduct any charitable contributions made to help the earthquake victims in Haiti on their 2009 tax return [...]

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Five Additional Stimulus Plan Tax Credits

April 21, 2009

Do you know all the key tax credits and deductions from the latest stimulus plan? If you don’t, you are in danger of doing what one of my tax clients did last year – he purchased all new windows for his home, thinking that he would be able to get a credit for them. …

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Help for the Unemployed

April 16, 2009

Has someone in your family lost their job recently? With the unemployment rate at 8.5% in March (and with my state’s rate the highest in the nation at 12%), it’s likely that unemployment has affected someone you know.Tia from Tia’s Saving Cents wrote a guest post for me several months ago on how she’s …

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2009 Making Work Pay Credit

April 7, 2009

This year, Congress passed the American Recovery and Reinvestment Act. In real people’s terms, it’s the stimulus bill. Well, what’s in it for you?If you think back to previous stimulus packages, the key to the package was a rebate check that you received in the mail. You will also receive a …

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Keep Track of Your Donations

March 3, 2009

Do you donate items to a non-profit organization like Salvation Army or Goodwill? If so, do you claim those items on your taxes (if you itemize)? Valuing non-cash contributions can be difficult to do, since we all have such differing views on how much an item is worth (just visit any garage sale). Here …

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Works for Me Wednesday – Planning for Tax Season

December 17, 2008

As the saying goes, “Nothing is certain but death and taxes”. As the year comes to an end, we all have to prepare to file our taxes. Here are some things that you can do to make tax season a little bit easier.Make sure that you make any charitable contributions (both cash and non-cash) …

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