http://www.taxslayer.com Tax Tips for TaxSlayer Users Taxable Income While most income you receive is generally considered taxable, there are some situations when certain types of income are partially taxed or not taxed at all. http://kb.taxslayer.com/article.php?id=674 2009-02-07 09:01:00.000 Important Changes Here are a few tax law changes you may want to note before filing your 2008 federal tax return: http://kb.taxslayer.com/article.php?id=675 2009-02-07 09:01:00.000 Charitable Deductions - IRA Owners As an alternative method for donating to a charity, certain taxpayers may transfer funds from their IRA to an eligible charitable organization. Here are ten things taxpayers who are thinking about making such a donation will need to know.
http://kb.taxslayer.com/article.php?id=676 2009-02-07 09:01:00.000 What if? Here are just a few of the "What If" questions people are dealing with these days. http://kb.taxslayer.com/article.php?id=677 2009-02-07 09:01:00.000 8 Reasons If you’ve never filed your tax return electronically, you should definitely consider trying it in 2009. Join the millions of taxpayers who are saving time and money to file their tax returns without the many headaches often associated with filing a paper return. http://kb.taxslayer.com/article.php?id=678 2009-02-07 09:01:00.000 10 Things The Earned Income Tax Credit is for people who work, but have lower incomes. Here are some things you may not know about the EITC. http://kb.taxslayer.com/article.php?id=679 2009-02-07 09:01:00.000 Married or Divorced Tips If you were married or divorced recently, there are a couple of things you’ll want to do to ensure the name on your tax return matches the name registered with the Social Security Administration. http://kb.taxslayer.com/article.php?id=680 2009-02-07 09:01:00.000 Recovery Rebate Credit Most taxpayers who received the economic stimulus payment last year will not be able to claim the Recovery Rebate Credit on their 2008 federal income tax returns. A small number of taxpayers who did not receive the full economic stimulus payment last year may be eligible to claim the Recovery Rebate Credit on their 2008 federal income tax return. Figuring the Recovery Rebate Credit incorrectly or entering inaccurate information will delay the processing of your tax return and any refund due. http://kb.taxslayer.com/article.php?id=681 2009-02-07 09:01:00.000 Making a Move? If you changed your home or business address, you’ll want to remember these six tips to ensure you receive any refunds or correspondence from the IRS. http://kb.taxslayer.com/article.php?id=682 2009-02-07 09:01:00.000 Sé Habla Español? – Tax Information Available in Spanish If you need federal tax information, the IRS provides free Spanish language products and services. Pages on the Internal Revenue Service’s Web site, pre-recorded tax topics, refund information, tax publications and toll-free telephone assistance are all available in the Spanish language. http://kb.taxslayer.com/article.php?id=683 2009-02-07 09:01:00.000 Ten Things - ID Theft Here are 10 important things to help prevent you from becoming a victim of Identity Theft. http://kb.taxslayer.com/article.php?id=684 2009-02-07 09:01:00.000 What to keep You probably already keep records in your daily routine. This includes keeping receipts for purchases and recording information in your checkbook. Keeping these and other records will help you avoid headaches at tax time. Good recordkeeping will help you remember the various transactions you made during the year, which in turn may make filing your return a less taxing experience. Records help you document the deductions you’ve claimed on your return. You’ll need this documentation should the IRS select your return for examination. Normally, tax records should be kept for three years, but some documents — such as records relating to a home purchase or sale, stock transactions, IRA and business or rental property — should be kept longer. In most cases, the IRS does not require you to keep records in any special manner. Generally speaking, however, you should keep any and all documents that may have an impact on your federal tax return. http://kb.taxslayer.com/article.php?id=685 2009-02-07 09:01:00.000 Top 5- Dependents and Exemptions Here are the top five facts about your Dependents and Exemptions. http://kb.taxslayer.com/article.php?id=686 2009-02-07 09:01:00.000 Top 5- Filing Status Everyone who files a federal tax return must determine which filing status applies to them. It’s important you choose your correct filing status as it determines your standard deduction, the amount of tax you owe and ultimately, any refund owed to you. http://kb.taxslayer.com/article.php?id=687 2009-02-07 09:01:00.000 1st Time Homebuyer First-time homebuyers should begin planning now to take advantage of a new tax credit. http://kb.taxslayer.com/article.php?id=688 2009-02-07 09:01:00.000 Top 10 Tips Here are 10 helpful Tax Time Tips... http://kb.taxslayer.com/article.php?id=689 2009-02-07 09:01:00.000 Charitable Contributions Did you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement that you then donated to a local charity? Charitable contributions can be tax deductible, but you must have the proper records to support your deduction. Due to the Pension Protection Act of 2006 the rules on recordkeeping for charitable contributions became a little more strict beginning in January 2007. To deduct a charitable cash donation, regardless of the amount, you must have a bank record or a written communication from the charity showing the name of the charity and the date and amount of the contribution. Acceptable bank records would include canceled checks or bank or credit union statements containing the name of the charity, the date and the amount of the contribution. Under the previous rules, records such as personal bank registers, diaries or notes made around the time of the donation could often be used as evidence of cash donations. Personal records like this are no longer sufficient. http://kb.taxslayer.com/article.php?id=690 2009-02-07 09:01:00.000