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Haiti Donations in Early 2010 OK For Claiming On 2009 Returns

Posted by Administrator on Feb-1-2010

The IRS announced a new tax relief for people who contributed to providing earthquake relief in Haiti. It allows contributors to get the tax advantage of the donation for their 2009 claim rather than waiting a year for the benefit.

According to the irs.gov website, only cash contributions made after January 11, 2010 and before March 1, 2010 will qualify. All cash donations made after March 1, 2010 will only be eligible to be claimed for the 2010 tax year.

To gain the benefit, you must itemize your tax deductions using Schedule A. For more information, please visit the IRS website at irs.gov.

Archive for January 15th, 2008

Jan
15

Tax Fraud

Posted by Administrator

Tax fraud is a a very serious crime that can be committed in a variety of ways. It is sometimes a simple crime, but other times very complex i.e., money laundering. Sometimes people ignorantly or purposefully commit tax fraud, and other times people are victims of tax fraud. Here is a few things to consider:

(1) According to the IRS and just about everyone else, if it sounds too good to be true, it probably is. It can be hard to pass up an appealing opportunity that sounds like it will save us money. Any such opportunity should be ignored usually, but if not, then very closely investigated. Many victims of tax fraud every year just simply could not pass up an appealing opportunity.

(2) Tax Preparers. They must be chosen very wisely. It is important to take great care and investigate thoroughly when deciding on a tax preparer. A tax preparer is in an easy position to take advantage of you so make sure he is someone you can trust. I would personally seek somebody out that a friend can recommend.

(3) Another form of tax fraud is when people simply do not file. This is illegal! It is important to always be honest in your filings. People who feel that they are an exception to this rule are a danger to the economy and are committing tax fraud.

So as can be seen, tax fraud comes in many shapes and forms. It can be easily committed and can suddenly create victims out of other people. These are just a few things to consider this tax season, however there are many other important factors that can be further researched.

Jan
15

E-File This Year!

Posted by Administrator

E-Filing is a great way to file your taxes this year. It has many benefits over filling out the paper version. Presently, more than 60% or all taxpayers use e-filing. If your adjusted gross income was below $54,000 this year, you are automatically qualified to e-file for free!

E-Filing can be done from any computer with internet access. E-Filing software can be found online or bought in stores.

The first wonderful plus to e-filing is that it dramatically decreases the time it takes to get your return. Since it arrives faster, it can be processed sooner. With the benefits of direct deposit, you can have your return in your bank account in as little as 10 days.

E-Filing also reduces the chance of making mistakes. Typed characters are usually much clearer than hand written ones so misinterpretation is also far less likely. E-file software checks for and catches most errors before submitting your taxes. This can save a lot of hassle in the future and also speeds of the process of receiving your return promptly.

By e-filing you can sign your return with a PIN number. If you owe at the end of the year, you can save time by paying with a credit card.

By choosing to e-file, you can save quite a bit of time and frustration. That’s why most people are beginning to do so.

Jan
15

Welcome to our blog!

Posted by Administrator

Welcome folks! It’s time to start a blog on TaxCutOffers.net. We’ll be posting all of the TaxCut special promotions that are available this tax season. We’ll also post important information about filing taxes this year.

Please visit our site often. And tell your friends.