IRS Publication 17

IRS Publication 17 For 2013

If you want to do your own taxes, you need to understand the process. Fortunately, you do not need a degree in accounting to figure out how to do your own taxes. The best chance that you have to get through your taxes without making a mistake is to consult the document put out by the IRS for that purpose. IRS Publication 17 is a great guide for those working on their own taxes.

IRS Building
IRS Building (Photo credit: afagen)

IRS Publication 17 is still the most useful IRS publication for figuring out exactly how your income taxes work. The document breaks down the process of preparing your taxes into fairly easy steps, a real necessity for those who still prepare taxes by hand. The document is still useful for those who prepare online, though, as it does contain some basic information that most of the online services glass over. IRS publication 17 is easily the most valuable document that you can use if you are working on preparing your own taxes, and it is fortunately also a free document.

Pub 17 2013 can currently be found on the IRS’s website at . This document is likely to be updated when tax season gets a bit closer at hand, and revisions are likely if issues occur that changes the tax landscape. Remember that Pub 17 2013 is only a guide, and that more definitive information likely needs to come from a tax professional. If you are comfortable working on your own, though, this guide is your best tool.

Tax Carnival Ecstasy – November 29, 2012

We need to get this to the Fiscal Cliff! What ...

Welcome to the November 29, 2012 edition of Tax Carnival Ecstasy. In this edition we start with two articles from Bill Smith, a look at Eco Products That Are Tax Deductible and an article all about the Buffett Rule. Then there’s a post on the Fiscal Cliff and whether large corporations are immune by John Schmoll. Finally David de Souza examines Where Your Taxes Go. Hope you enjoy the material, bookmark, share, like on Facebook, tweet and follow the next edition of the carnival.

Shelby Martin presents 5 Reasons to Give Your Nanny a Year-End Review posted at GoNannies.com Blog, saying, “Annual nanny reviews do more than give nanny employers an opportunity to give their nanny a raise; they provide a much needed opportunity to evaluate the health of the working relationship.”

credits

Morris presents How It Is Possible To Obtain A Mortgage Loan With Bad Credit posted at Fast Bad Credit Loan Blog, saying, “A bad credit mortgage loan is acquirable for those people who may have less income and have adverse scores and allows them to get loans sooner and more quickly. It is however important for the applier to know that there is a price to pay in order to get a bad credit home loan.”

Morris presents Things You Need To Apply For A Bad Credit Business Loan posted at Fast Bad Credit Loan Blog, saying, “When masses begin to think about bad credit business loans, chances are that they have had a difficulty repaying their former loans or debts within the right time. This is a ordinary thing majorly with start ups. Having negative history for debts does not imply irresponsibility.”

deductions

Bill Smith presents Eco Products That Are Tax Deductible posted at 2010Taxes, saying, “There are plenty of things that can help you save money if you go green. In 2011 you could write off home energy efficiency improvements.”

tax law

Bill Smith presents Learn About The Buffett Rule posted at 2011 Taxes, saying, “Dr. Cornwall wants everyone to know that there will never be a tax increase on the extremely wealthy population (The Buffett Rule) that will put the tiniest dent in the tax shortfall of the United States.”

taxes

John Schmoll presents Are Large Companies Immune to the Fiscal Cliff? posted at Frugal Rules, saying, “Unless you’re living under a rock you’ve heard of the Fiscal Cliff. We all know how it could possibly affect individuals, but how would it affect companies? Many companies will have to make decisions about what they’re going to do with their cash after the Fiscal Cliff meets its outcome.”

David de Souza presents Where Does Your Tax Go? posted at TaxFix Feed Update, saying, “If you have ever wondered where you tax goes this post highlights how your taxable income is spent by the government.”

James Powell presents What The Child Benefit Changes Mean To You posted at Tax Credits, saying, “Child Benefit is changing. This blog posts highlights what the Child Benefit Changes Mean To You.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Tax Carnival ecstasy – November 13, 2012

Image representing NerdWallet as depicted in C...
Image via CrunchBase

Welcome to the November 13, 2012 edition of Tax Carnival Ecstasy. In this edition we some really good articles including one from Bill Smith who looks at Saving Money and Time On Taxes this coming tax season. John Schmoll examines the Fiscal Cliff and whether we Should We Really be Concerned. Have you ever wondered if the S&P has a Seasonal Pattern? Alex Peters has an article covering the topic. Finally, Dave Leonard wants you to reconsider Paying your Taxes With a Credit Card. Hope you come back soon, like us on Facebook, tweet this post, bookmark and share with y our friends.

credits

Morris presents Bad Credit Personal Loans: Which Legitimate Companies Will Lend? | Fast Bad Credit Loan Blog posted at Fast Bad Credit Loan Blog, saying, “Bad credit is not something fresh and it has become bad with the worse economic times the country has suffered the past few years. Job losses, illnesses, accidents and other such things have act out a terrible toll on people’s monetary resource.”

taxes

Bill Smith presents Saving Money And Time On Taxes posted at 2010 Tax, saying, “If you are looking for 2010 tax filing with turbo tax, it is very likely that you have experienced some trouble getting your taxes submitted in the past.”

John Schmoll presents Should We Really be Concerned About the Fiscal Cliff? – Frugal Rules posted at Frugal Rules, saying, “There has been a lot in the news lately about the Fiscal Cliff. But, many don’t know what it is all about. Take the time to inform yourself for the potential rollback of tax cuts so you’re not surprised by a big tax bill.”

tips

Alex Peters presents Does the S&P Has a Seasonal Pattern? posted at TradingAcademy.com, saying, “Is there a seasonal cycle in the stock market and should you invest on those patterns?”

Bill Smith presents Yahoo CEO Marissa Mayer–First Earnings posted at FastSwings, saying, “Yahoo CEO Marissa Mayer made her first earnings report in October 2012.”

Dave Leonard presents Are You Sure You Want to Pay Taxes With a Credit Card? posted at Credit Card Chaser, saying, “Do you love getting rewards points by using your credit card? Have you ever wondered if you could pay your taxes using a credit card? This post talks about whether or not you are able to pay your taxes using a credit card and some of the hidden facts you need to know if you choose to pay this way.”

[email protected] presents How to Save on Tax? Tax-Advantaged Savings Vehicles posted at NerdWallet, saying, “Get expert opinions on popular tax-advantaged retirement savings vehicles and factors to consider.”

That concludes this edition. Submit your blog article to the next edition of tax carnival ecstasy using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Gay Marriage Makes Filing Federal Tax Returns A Labyrinth

Filing Federal Tax Returns

Filing Federal Tax Returns

There are many difficulties inherent in filing federal tax returns for same sex couples.  Even in states where gay marriage has been legalized, issues abound.  Because of DOMA (Defense of Marriage Act) even when a state legalizes gay marriage, it isn’t recognized on a federal level.  As a result, filing taxes jointly, like most married couples around the country do, is not possible for a same-sex couple.  Many same-sex couples go to tax agencies to make sense out of the complicated mess that their taxes have become.  These tax agencies often offer free federal tax filing and give couples a sense of surety that they are getting the most out of their tax return that they possibly can.

Since the legalization of gay marriage, many couples have tried to do their own taxes, because it is basically free federal tax filing.  Some have even succeeded.  Unfortunately, for many, it is too confusing to do properly and they end up getting shorted or worse, making mistakes that will cost them money later.  Filing jointly is not an option but head of household may be, as long as one partner makes more than half the cost of the household’s upkeep and has a “qualifying” person living with them (such as a child or elderly relative).  It only gets more complicated from there, as gay marriage defines more than 130,000 couples in the US, from all classes and economic backgrounds.