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Saving Next Year’s Taxes with the Help of This Year’s Taxes

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Saving Next Year’s Taxes with the Help of This Year’s Taxes

Are you getting angry after filing an extension or paying taxes? Be smart man; you can save some money on this for the coming year!

Many people consider filing taxes and their preparations as a painful activity. There is no fun in it. Ah, it’s not enjoyable either. One reason may be that you somehow find a part in the process which could possibly lead to more credits or deductions. What you realize is that you should look into your finances carefully to minimize some expense areas; mind you, … Read more at 2009 Tax.

Jokes and Quotes on Tax

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Jokes and Quotes on Tax

Following are some tax jokes, wisecracks, one liners and humor related to tax.

Some tax forms actually ask if the taxpayer is blind.

IRS Joke: According to Charles Rossotti, former IRS Commissioner, there has been good progress in IRS: while earlier it used to be difficult to get through to them on the telephone, these days it is just difficult.

In case you are not pleased that you never got around to writing the popular American novel, cheer up, and browse through your previous tax returns.

Quote: "The Eiffel Tower grows to become the Empire … Read more at 2009 Tax.

7 Steps To Reduce Your Tax Related Stress

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7 Steps To Reduce Your Tax Related Stress

If you have your own business what may haunt you most is the stressful task of filing your tax returns at the end of the year. Every year brings you the harrowing experience of piling up your financial documents and preparing your tax return. It adds to your worries if you have earnings in other countries as well, as you need to file your tax return from those countries as well.

Here are seven gradual steps that will certainly minimize your tax returns related hassles.

  1. Maintain your accounts accurately. Buy a ruled

… Read more at 2009 Tax.

IRS Publication 17

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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.

Donations to Haiti and their Tax Deductions

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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.

IRS Free File Is Available To Many

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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 … Read more at 2009 Tax.