IRS Publication 17

IRS Publication 17

Title ‘Your Federal Income Tax’, Publication 17 is the most important IRS publication that you can have available while preparing your income taxes for 2009. This publication is available in a number of different formats including online, in a PDF, and in printed format.

The two electronic versions of Publication 17, the online version and the PDF version, have a multitude of links to other useful information and making getting the best answers to your questions easy and quick. And not only does the IRS have information on tax laws that have been in existence for … Read more at 2009 Tax.

IRS Publication 17

Title ‘Your Federal Income Tax’, Publication 17 is the most important IRS publication that you can have available while preparing your income taxes for 2009. This publication is available in a number of different formats including online, in a PDF, and in printed format.

The two electronic versions of Publication 17, the online version and the PDF version, have a multitude of links to other useful information and making getting the best answers to your questions easy and quick. And not only does the IRS have information on tax laws that have been in existence for decades, but the publication also has information on tax laws that were just passed last year. This recent information is very valuable and can increase your return significantly.

There are two languages available for the publication including Spanish, if English is not your first language. To get an electronic copy of the publication go to the IRS.gov website. Printed publications can be ordered by calling the IRS at 1-800-829-3676.

Donations to Haiti and their Tax Deductions

Donations to Haiti and their Tax Deductions

The IRS has new rules designed to assist those making donations to Haiti in a relief effort after their recent earth quake. Your 2010 donations can be deductible in 2009 if you follow the guidelines provided. First, your donations must be going directly to aid the Haitian people affected by the natural disaster.

There is a specific window of time that your donations must be made in to be eligible. The start date is the day we first heard about the earthquake, January 11th, and the final date is March 1, 2010. Additionally, … Read more at 2009 Tax.

Donations to Haiti and their Tax Deductions

The IRS has new rules designed to assist those making donations to Haiti in a relief effort after their recent earth quake. Your 2010 donations can be deductible in 2009 if you follow the guidelines provided. First, your donations must be going directly to aid the Haitian people affected by the natural disaster.

There is a specific window of time that your donations must be made in to be eligible. The start date is the day we first heard about the earthquake, January 11th, and the final date is March 1, 2010. Additionally, the donations must be made to qualified chartable organizations and not to families directly.

Cash contributions made by a number of different formats are only allowed. These formats include texting, check, credit card or debit card. Finally, the one provision that might be difficult for some is the need to itemize your deductions. Therefore, if you normally file a 1040EZ tax return, you will need to complete the long form 1040 with a Schedule A attached. Use a program like TurboTax or TaxAct to make completing the extra forms easy. If you do not claim the donations for 2009, you can still claim them for 2010.

See IRS Publication 526 and Publication 3833 for addition details.

IRS Free File Is Available To Many

IRS Free File Is Available To Many

In 2003 the IRS began a program to provide free e-filing options to US citizens that need to file tax returns. The program has been widely successful with over 20 different tax filing programs taking part and over 27 million tax returns filed with the program. Individuals wishing to take advantage of the program can select a tax preparation software package and file their return with the application. Or tax filers can use electronic versions of IRS forms and file directly with the IRS.

Just access the IRS.gov website and select a … Read more at 2009 Tax.

IRS Free File Is Available To Many

In 2003 the IRS began a program to provide free e-filing options to US citizens that need to file tax returns. The program has been widely successful with over 20 different tax filing programs taking part and over 27 million tax returns filed with the program. Individuals wishing to take advantage of the program can select a tax preparation software package and file their return with the application. Or tax filers can use electronic versions of IRS forms and file directly with the IRS.

Just access the IRS.gov website and select a tax preparation software program that you want to use. As long as your income is below $57,000 you can use the 3rd part software tools. If your income is above this line established by the IRS, you will have to use the IRS forms online to file for free.

Make sure you start with the IRS.gov website to claim the free filing option. And sometimes filing with the IRS fill-in forms can be difficult if your return is complex. Paying for professional assistance or a complete software package can be beneficial in getting the most return available to you.