TAX DAY IS APRIL 17 this year, and I'm knee deep organizing receipts, income statements and bank records. Thankfully, this year I have an easy way to stay up on the tax law changes that impact my bottom line. I turn to the collection of up-to-date tax law news found right here at Gather.com.
I've posted the links most relevant to individual and business filers like myself here. Feel free to add your own as you search Gather to find the answers to your pressing 2007 tax filing questions.
Subscribe to Gather.com today to add new links.
Here’s the scoop from tax consultant Bob B., a member of the American Institute of Public Bookkeepers and a Gather.com blogger since Sept. 9, 2006:
Travel, Entertainment and Gift Deductions—The Internal Revenue Service reminds taxpayers that there are specific guidelines to be followed when deducting travel, entertainment and gift expenses...Get the scoop on what to claim this year.
IRS Direct Deposit—Want your refund faster? Have it deposited directly into your bank account. More taxpayers are choosing direct deposit as the way to receive their federal tax refunds... Get the scoop on how to get your refund faster this year.
Phone Tax Refund—Research and contacts with telephone service providers indicated that standard refund amounts, ranging from $30 to $60, based on the number of exemptions claimed on their tax return, would approximate the eligible amount for most taxpayers... Get the scoop on how to get cash back on what you paid for cell phone or other phone services.
Alternative Minimum Tax Calculations—The Internal Revenue Service announced that it has updated its online tool to help taxpayers determine whether they may owe the Alternative Minimum Tax (AMT)... Get the scoop on the new AMT calculator.
E-File: Whether you use a professional tax preparer authorized by the IRS or do it yourself on a home computer, there are many reasons to consider e-filing your tax return this year... Get the scoops on the plusses and minuses of e-filing. Get the scoop on what Bob. B considers “the smart way to do your taxes.”
Other pertinent tax information on Gather:
NEW Changes in Tax Law for 2006
NEW What Income Is Taxable? Non Taxable?
What are You Using Your Taxes For?
Quick and Easy Access to IRS Forms and Publications
Claiming your parents as tax-deductible dependents
What to Do If You Haven't Filed Your 2005 Tax Return
Sales tax, higher education and educator deductions
Advice for Choosing A Tax Return Preparer
Tips For Recently Married or Divorced Taxpayers
Should You Itemize Your Tax Return?
"The Bottom Line" by Gather Correspondent Jennifer D. Meacham is published every Wednesday to Gather Essentials: Money. Jennifer also covers business and personal finance for The Oregonian newspaper and real estate news for RISMedia, and co-authored the best-selling retirement investing guide "IRA Wealth: Revolutionary IRA Strategies for Real Estate Investment." Keep up on the latest news and analysis for helping you take control of your business and personal financial future by joining Jennifer's Gather network (select the orange “Connect” button on the left of the page).
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Comments: 11
Will do. Thank you so much Selene for the positive feedback, and the suggestion. I'll subscribe to the "All About Taxes" group today!
thanks!