Income Tax Issues for Families
Taxes! Taxes! Taxes! Tax preparation can be particularly stressful for busy parents. Here's some professional advice to guide you through the reams of information on taxes.
Unfortunately many Americans, looking to relieve some of their tax burden, fall victim to fraudulent and illegal advice. That’s why, especially if you are preparing your return yourself, you should take the time to check out the Internal Revenue Service’s Tax Scans/Alerts found on the IRS website (in the News section under Complience & Enforcement).
The IRS website also offers tips on accounting for medical expenses, tax benefits for military families, and estimating your taxes if you are self-employed.
Tax preparation can be stressful and frustrating, whether you employ a professional or do it yourself. And because each person’s tax situation is as unique as her fingerprint, it’s hard to offer advice in a one-size-fits-all package. But if you carefully review your returns from last year, think of how your situation has changed this year, and follow the advice of these pros, you’ll be at least a few steps down the path of avoiding tax-induced headaches.
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