Making Charitable Donations this year?
Aug 23, 2010 Tax Strategies
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Have you made a donation to charity this year? Do you plan to make one before December 31? Times are tough but people routinely give money to those with greater needs. The IRS just released more tips regarding a tax deduction on your 2010 personal tax return. Remember the following details:
- Make contributions to qualified organizations. Use IRS Publication 78, Cumulative List of Organizations from the IRS.gov website to point out the best candidates for your good intentions.
Changing Tax Preparer Procedures and Fees
Aug 19, 2010 Tax Changes
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The Internal Revenue Service (IRS) has announced new filing procedures, fees and regulations for people who prepare tax returns for compensation. Any person who is paid to prepare part or all of an income tax return or claim for tax refund after December 31, 2010 must complete an application and file for a Preparer Tax Identification Number (PTIN). These special “Social Security Numbers” are assigned by the IRS and appear on tax returns completed by the tax preparer. They provide personal identity protection to the tax preparer and now greater quality assurance to both the IRS and consumer.
