Ask a Tax Question - List Of Tax Deductibles
Tax This!: An Insider's Guide to Standing Up to the IRS
by Scott Estill

Tax This! An Insider's Guide to Standing Up to the IRS, is just that. It provides the insight of an insider that will help you stand up to the IRS in any situation. Little known facts and difficult to conceive strategies are revealed that will help any target of the IRS deal effectively with them or help prevent you from becoming their target.

Author Scott Estill discloses all the rights, which are many, that citizens have when confronted with a problem involving the IRS. He gives an insider's look at the culture, attitudes, and seemingly out of control bureaucracy that prevails inside the IRS and prepares you to deal with the IRS at that level also. His information is backed up by references to the Internal Revenue Code, Congressional Law, and established judicial decisions.

Tax This also provides clear examples of completed IRS forms, which are many and varied. Overall, this is an informative, easy read for someone like me with little knowledge of the IRS. It will hold your interest even if the IRS isn't breathing down your neck and may be invaluable if they are.

     

Ask a Tax Question - List Of Tax Deductibles -


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Ask a Tax Question - List Of Tax Deductibles
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A Partial List Of Tax Deductibles   
Carl LaFresnaye

The list of tax deductibles allowed by the IRS is so long and complicated that nobody seems to know exactly how many there are.

Even Jeff A Schnepper's book How To Pay Zero Taxes, which is actually subtitled Your Guide To Every Tax Break The IRS Allows is really nothing of the sort, since reviews of the book indicate that it missed some examples. To try and compile an exhaustive list of tax deductibles would therefore be way beyond the scope of this short article. Instead, we will focus on some of the most commonly overlooked tax breaks.

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Scholarships Available (Community Press & Recorder)
Again this year the Madeira Woman's Club will award three scholarships this spring - two for high school seniors and one for an adult who is continuing his/her education.

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A List of Tax Deductibles Relating to Cars

Several of the most often disregarded tax deductions relate to motor vehicles. Because the government wanted to encourage the purchase of hybrid vehicles (this was before the big three were forced to apply for government money because nobody wanted to buy the gas guzzling behemoths they manufactured – whether the auto industry bailout changes the government's attitude to more efficient vehicles remains to be seen at the time of writing this), they were prepared to offer tax credits for doing so. The more efficient the vehicle, the bigger the credit, up to a maximum of $3,400.

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Ashland Community And Technical College Offers Fall Scholarships (The Ironton Tribune)
ASHLAND. Ky. — April 1 is the priority application deadline for fall 2010 scholarships at Ashland Community and ...

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You can also get a tax break for donating your car to charity. The IRS allows you to deduct the fair market value of your car, defined as the amount for which you would sell it to a willing buyer. For deductions over $500, you will need to fill in form 8283, Noncash Charitable Contributions, along with your tax return. Speaking of which….

A List of Tax Deductibles for Charitable Donations

Every charitable donation you give can qualify as a tax deduction, even if it’s only giving a dollar to the person collecting outside the supermarket. Be sure to keep track of all your charitable giving. If you use your own car for volunteer work, you can claim mileage back. The current rate as of Christmas 2008 is 14 cents a mile.

Donating stocks and mutual fund shares to charity instead of cash can also lead to big write offs. If you owned the asset for more than a year, the write off value is that on the day you made the donation. Obviously, given the volatility of the financial markets, this approach carries with it high risks, but can also lead to big rewards.

Keeping track of all your donations in that much detail requires a lot of effort. But nothing worth doing ever came easy.

Who are the CPA Moms?      Your Tax Professional Forever!!!!

“CPA Moms - Tax Moms - EA Moms" are trade names given to Accounting and Tax Professionals who chose to work in an “relaxed” environment. Some "Moms" work from home, other work from personal offices. Not all are Moms, there are some Dads. We call them Mr. Tax Moms. CPA Dads or Enrolled Agents Dads.
Each Mom is independent. Once a client starts working with a Mom, the client will keep the same “Mom” year after year regardless of where the client moves or relocates. Being in a “relaxed” environment has many advantages. Lower overhead, faster response time, more availability, etc.
To be a member a CPA Mom, Tax Moms, or an Erolled Moms the Tax Professional must ALWAYS be in good standing with their state licensing agency, experienced, and must demonstrate a high level of ethics, professionalism and proficiency.
Tax Net Inc, the parent company for all CPA Moms, Tax Moms and Enrolled Moms, developed the marketing and on-line systems to help qualified Tax Professionals who "choose" work from their “relaxed” environment and offer better service at a lower price to the consumer.
Since the “Moms” do taxes and accounting of all complexities, there is always a Mom available for every level of work. Since each Mom has a private 800 number, you are just a phone call away, regardless of where you live.
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Index of Articles about Ask a Tax Question - List Of Tax Deductibles

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