Form 1040, Schedule A
The interest that you pay on your mortgage is a tax deductible expense. Taking advantage of this deduction can help reduce your taxes by thousands of dollars. It goes a long way in lowering your tax liability. (more…)
Archive for the ‘Tax Forms’ Category
Mortgage Interest as a Tax Deduction
Monday, November 16th, 2009IRS efile: More Popular Than Ever
Monday, November 16th, 2009
IRS Building
Filing taxes electronically is gaining popularity as each year Americans drop their old paper forms in favor of software or Web sites that process taxes online. Tax professionals also are flocking to efile–helping taxpayers file quickly, efficiently, and more accurately. (more…)
Find and Keep a Good Tax Professional
Thursday, November 12th, 2009
IRS Tax Forms for 2009
How do you take advantage of all the tax credits the government is pushing? Educate yourself and stay close with your tax professional. It can be difficult to answer tax related questions when you do not know what is going on. And making good tax decisions is as important as ever. (more…)
October 15 Deadline to File Extended Tax Return
Thursday, October 8th, 2009
photo by jekert gwapo (cc2.0)
Did you ask for an extension on your 2008 tax return? If so, your next deadline is coming up. If you have already filed your return for 2008, you have nothing to worry about. But if you didn’t, October 15 is the deadline that you need to be aware of. (more…)
IRS E-File Still Available
Monday, October 5th, 2009
photo by Gooding (cc2.0)
There’s still time to file your 2008 taxes online. Submit your tax return before October 15 to avoid penalties. (more…)
Copies of Past Tax Returns
Monday, September 28th, 2009
photo by herzogbr (cc-by)
Keeping good records of your tax history can be challenging. Over the years, the many tax forms and returns you file can pile up, making it difficult to keep track of it all. Fortunately you can get copies of some forms and returns easily. (more…)
Amnesty Program Extension
Wednesday, September 23rd, 2009
photo by zieak (cc-by)
Those who have been hiding assets in foreign accounts should be aware of the amnesty program extension that was recently passed by the IRS. The original deadline for reporting this income to the IRS was October 15 – this has been expanded due to a large number of applications for the program. (more…)
Debt Forgiveness Tax-Free
Wednesday, September 16th, 2009
photo by flickr (cc-by)
New rules allow qualifying mortgage debts to be erased tax-free. Congress hopes to give a soft landing to taxpayers victimized by the housing crisis. (more…)
How to Receive a Refund
Friday, September 11th, 2009
There are several options for how to receive your tax refund. (more…)
Government Grants for Education
Thursday, September 10th, 2009
photo by Cornell University Library (cc-by)
Tax credits for students are available from the government to offset the cost of higher education. Learn more about getting a government grant tax credit to pay for college. (more…)
