Tax Tips Featured Tax Tips Cash for Clunkers Program Tax-free “cash for clunkers” part of Congress-passed Supplemental Appropriations Act... Stimulus Package-Individuals The recently enacted “American Recovery and Reinvestment Act of 2009” (the 2009 economic stimulus act) contains a wide-ranging tax package that includes tax relief for low and moderate-income wage ear... All Tax Tips Tax Planning 2008 Tax Planning Tips for 2008... Amending Your Return Oops! You’ve discovered an error after your tax return has been filed. What should you do? You may need to amend your return. REBATE SCAM WARNING!! WASHINGTON — The Internal Revenue Service today warned taxpayers to beware of several current e-mail and telephone scams that use the IRS name as a lure. The IRS expects such scams to continue through... Congress passed a long-awaited AMT “patch” for 2007. In the final days before it adjourned for 2007, Congress passed a long-awaited AMT “patch” for 2007. It also passed two other tax laws of wide interest. These laws provide mortgage debt forgiveness ta... How to maximize tax benefits from child and dependent care expenses Working parents with smaller children are keenly aware of what it costs to take care of them while they are at work, but they may not be aware of some tax strategies that can maximize the tax breaks a... Year-end tax-saving strategies for those with appreciated capital assets Two important tax changes going into effect next year raise capital gains tax planning opportunities for many taxpayers. The first is the zero percent tax rate on capital gains that will apply to taxp... 2007 401(k), Simple IRA & Cafeteria Plan Deduction Rules Deduction Updates for 2007 401(k), Simple IRA and Cafeteria Plans 2007 Small Business Act Congress recently passed the 2007 Small Business Act. This new legislation contains an assortment of tax relief and revenue raising provisions. New Legislation for 2006 This year, several changes were made to the tax code. We've summarized the highlights in this article... Deducting R&D Costs The expenditures of research and development (R&D) are generally capital expenses. However, you can choose to deduct these expenditures as current business expenses. Energy Credit to Home Builders Under the Energy Policy Act of 2005, an eligible contractor who constructs a qualified new energy efficient home may qualify for a credit of up to $2,000. The credit is available for all new homes, in... Your Right to Appeal Are you in the middle of a disagreement with the IRS? One of the rights for all taxpayers is the right to appeal. If you disagree with the IRS about the amount of your tax liability or about proposed ...

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