Tag Archives: taxes

How To Choose A Great Online Tax Preparer

When people look for online tax preparers, they need to consider various factors. Choosing the right tax software option is vital to maximizing a tax refund after all. Therefore, individuals must focus and search for their best tax preparation solution. Each person is going to require something slightly different from their online tax prep service.

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Safety Concerns

TurboTax 2013 from last year provided ample safety measures. Unfortunately, not all preparation services take safety seriously enough. The last thing a person wants to do is lose their personal information. Others have become victims of identity theft and lost their returns. The … Read more at 2008 Taxes.

The U.S. Corporate Tax Rate

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Is the U.S. Corporate Tax Rate the Highest in the World?

There is a popular belief that the current corporate tax rate in the country is very high, and a reduction of the prevailing rate will stimulate investments which will have a wide range of positive effects on the economy. Those who support this theory are referring to the current rate which stands at 39.1% (the highest in the industrialized world). According to proponents, this income tax rate is putting U.S. corporations at a competitive disadvantage. But is there more to the story?

Income Tax rates by Country based on OECD 2005...

Income Tax rates by Country based on

Read more at 2008 Taxes.

Tax Deductible Items

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Tax deductions are a great way to save money on regular purchases within certain categories. The standard deduction alone saved some 85 million American’s a little over 0.5 trillion dollars in 2009. But the real way to claim deductions is by filing a Schedule A along with your 1040 long form. Categories of deductions available on the Schedule A include Medical, Taxes, Charity, Education, Mortgage and Causalities.

Deductions for Medical Expenses: Medical expenses are deductible on your tax return once you clear a certain level of your income in expenses, 7.5%. For this reason it is a good ideal to … Read more at 2008 Taxes.

The Advantages and Disadvantages of Tax Preparation Software

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The Advantages and Disadvantages of Tax Preparation Software

It is often said that the medium is the message. This reminds us of Franklin D Roosevelt and his famous ‘fireside chats’ with the country. In an era where the television set did not exist, the radio was a great device that enabled conversation with the Americans. Through the radio, he could send his assurance to the American citizens’ homes and become one of them. A radio chat was definitely more effective and much more intimate than other mediums, like say, a grandstanding speech. It is certain that the medium, in this … Read more at 2008 Taxes.

How to Find Your Tax Assistance?

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How to Find Your Tax Assistance?

It could be a nerve-racking experience to organize your taxes. That’s why many people prefer to have some assistance in their tax preparations.

During your tax filing, you can always find an expert who can help you with that job. Look for somebody who has got very good knowledge of tax preparations. You can find various types of assistance regarding this from people with different specializations.

Tax preparer

Tax preparers have good expertise in tax filing. These people are trained professionals for tax preparations and filing returns.

Enrolled agents

The enrolled … Read more at 2008 Taxes.

Discover the #1 Way to Reduce Your Taxes

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Do you Understand the Tax Changes in the Recovery & Reinvestment Act?

The Federal Stimulus Bill has made many changes to the way taxes need to be filed for everyday people like you. If you were or are unemployed than you definitely can’t afford to pay taxes on unemployment benefits that might not be due and you definitely cant afford to hire a tax professional to file your taxes. What you can do is use the quick and easy, proven TurboTax program that is updated to include and apply all changes made under the Federal Stimulus Bill that may apply … Read more at 2008 Taxes.