Five Important Facts about Dependents and Exemptions

When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here are five important facts the IRS wants you to know about dependents and exemptions before you file your 2009 tax return. If someone else claims you as a dependent, you may still …

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Abusive Home-Based Business Tax Schemes

Introduction The IRS is providing information about abusive Home-Based Business schemes to help taxpayers avoid the pitfalls of these schemes: These schemes are abusive because they manipulate and misinterpret tax laws. The public should not be fooled by home-based business schemes that claim taxpayers can deduct most, or all, of their personal expenses as business …

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Ten Tips for Taxpayers Making Charitable Donations

Every year, millions of taxpayers itemize their deductions on their federal tax return. One of the most common itemized deductions is a donation made to a charitable organization. Here are the top ten things the IRS wants every taxpayer to know before deducting charitable donations. Charitable contributions must be made to qualified organizations to be …

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The IRS’ 20 Questions for Independent Contractors

Are you Really an Independent Contractor? Independent contractors who don’t know about — or who ignore — the relevant aspects of current contractor tax law are endangering their own livelihood and pose a significant threat to companies. The IRS is currently funding California’s Employment Development Department (EDD) to conduct twice as many independent contractor-related corporate …

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