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 What are Taxable and Nontaxable Income? | |
Feb 05, 2010 - 6:50 PM - by Samatg | 
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.
To ensure taxpayers are familiar with the difference between taxable and non-taxable income, the Internal Revenue Service offers these common examples of items that are not included in your income:- Adoption Expense Reimbursements for qualifying expenses
- Child support payments
- Gifts,
... [Read More] | | | | Seven Tax Tips for Disabled Taxpayers | |
Feb 05, 2010 - 12:05 AM - by Samatg |
Taxpayers with disabilities may qualify for a number of IRS tax credits and benefits. Parents of children with disabilities may also qualify. Listed below are seven tax credits and other benefits that are available if you or someone else listed on your federal tax return is disabled.- Standard Deduction Taxpayers who are legally blind may be entitled to a higher standard deduction on their tax return.
- Gross Income Certain
... [Read More] | | |  Top Five Tax Changes for 2009 | |
Feb 03, 2010 - 6:25 PM - by Samatg |
As you get ready to prepare your 2009 tax return, the Internal Revenue Service wants to make sure you have all the details about tax law changes that may impact your tax return.
Here are the top five changes that may show up on your 2009 return.
1. The American Recovery and Reinvestment Act
ARRA provides several tax provisions that affect tax year 2009 individual tax returns due April 15, 2010. The recovery... [Read More] | | | |  | » Categories |  | | Individual Corporations Forum for CPAs Financial Planning | |
