Since it is tax time is upon us and many people are writing about various tax issues I would like to share some of the best tax advice out there from various financial blogs around the blogosphere. Below is a list of great articles posted in the last couple weeks from some of the top financial blogs.
Tax Filing & Preparation Tips
- Free Online Tax Filing, Tax Preparation Services & More: Reviews of a few of the top online tax sites that offer free tax filing and/or preparation.
- What to Bring to a Tax Accountant To File Your Taxes: Ever go to your accountant and realize you forgot something? This is a good checklist of things you should consider bringing to your accountant to ensure you have everything the first time.
- H&R Block at Home Review: A solid review of H&R Block software. H&R Block is one of the top tax preparation programs.
- Turbo Tax Review: A thorough review of Turbo Tax tax preparation software.
- New Forms This Filing Season: Well the IRS loves to make taxes more complex each year, most people won’t even realize there are new forms because of software or they use tax professions but in-case you do, this article has some good details on what is new for 2009.
- What Can Happen vs. What Will Likely Happen if Taxes are Not Filed: Understand what the IRS can legally do to those individuals that did not file their taxes vs what will probably happen. If the IRS actually did put all non-filers in prison they would have to increase prisons by 10,000%.
Misc Tax Tips
- How Long Should You Keep Your Financial Documents – Quick Guide: Understand what papers are important to preserve, and which papers you can toss. Use this guide to determine how long to keep certain documents for your tax filings.
- IRS Tax Debt Help: Good information on what you can do if you cannot pay your taxes. Understand what you can do to significantly reduce your risk of penalties and future collection actions against you from the IRS.
- 14 Tax Time Tips: Phil from ptMoney asked his readers to give their best tax tips and this is what he gathered from his followers
- Rules to Follow to Get Back Ahead of the IRS Game: If you have fallen behind on your taxes or have run into a problem there are 3 rules you can follow to get back ahead of the IRS. If you don’t have a problem, then use these 3 rules to stay ahead.
- Tips to Avoid or Reduce the Most Common IRS Tax Penalties: Understand what the most common penalties are and how you can avoid them. Many times taxpayers incur large penalties because they don’t realize the action they are taking has such significant impact on the penalties when there are likely simple ways around it.
Tax Deductions
- What Documentation Do I Need to Claim The First-Time Homebuyer Tax Credit? If you are planning on claiming the First-Time home buyer tax credit on your 2009 tax return you better be ready to provide the required documentation. Understand what you will need.
- Tax Deductible Domains To Haiti: An Analysis: Understand how a donation to Haiti can impact your 2009 or 2010 tax return. Understand some criticisms to this donation as well.
- 2010 Roth IRS Conversion Rules: A good article about Roth IRS conversion rules. People can convert their traditional IRS’s, SEP IRA’s, Simple IRA’s, old 401K’s, old 403b’s into a tax free Roth IRS account.
Have a great tax advice article that I missed? Please let me know and I will review it and include it in next weeks findings (email me at admin at backtaxeshelp.com). Do you need a fresh tax article for your readers? If so I would be more than happy to guest post on your blog, just shoot me an email with and a general idea of a topic you would like.
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