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    • Ten things
    You didn't tell your Tax Pro

    The biggest source of errors, according to TaxMama is taking a dependent your 'ex' is also claiming. That and getting Social Security numbers wrong.

    The Top Ten Things
    The trigger
    Alternative Minimum Tax

    The Current Wisdom
    from Eva Rosenberg,
    Your TaxMama

    One of the benefits of home ownership, and admittedly the draw for many heavily taxed individuals and couples for the last fifty years, may have gotten better - and you may not be aware. Your home and taxes

    Our series on Taxes begins in earnest with some looks at common mistakes, some suggestions on how to avoid any scrutiny from the tax collector, and how to get what is coming to you.

    The child tax credit can create problems determining the right age of your child, capital gains need a closer look and may require an amended return, and that refund should get some serious thought before you decide to borrow against it before you actually receive it.

    Because of The Jobs and Growth Tax Relief Reconciliation Act of 2003 signed into law by President Bush, there have been significant changes in the tax laws, once again. To see how these changes affect you, the individual, business, or how it effects your Estate or Trust, nothing beats the IRS for the straight forward.



    A three part History

    The Constitution | Noblesse Oblige | The 16th Amendment

    "The taxpayer -- that's someone who works for the federal government but doesn't have to take the civil service examination." - Ronald Reagan

    Standing Pat on Taxes
    In a column that first appeared on our sister site, The BlueMoney Report on August 15th, 2003, Vernice Kuglin decided that if the IRS did not want to answer her letters, then perhaps she shouldn't pay.

    Ask TaxMama
    We sometimes encourage our readers to use outside sources for information and Eva Rosenberg MBA, EA provides just such a service. Billing herself as "Tax Information With A Mother's Touch" her warm hearted column delivers time and again.

    Tax Index
    updated for 2005

    Earned Income Tax Credit Assistant
    Will you qualify for the EITC this year? Don't guess. Know. The EITC is for people who work, but don't earn high incomes. If you qualify, it can reduce the tax you owe, or you may even get a refund.

    My late father was fond of saying, "you knew you were making money if you were paying taxes". Do you know your tax rate?

    Where's My Refund?
    Get the lowdown on your refund now. Secure access anytime from anywhere. What a deal!

    Earned Income Tax Credit (EITC) Can Lower Federal Tax Liabilities - Ask How!
    EITC is a tax credit for people who work(ed) and didn't make much money. If you meet the requirements for EITC, and the EITC exceeds the amount of taxes owed, it results in a tax refund to those who claim and qualify for the credit.

    Editor's Note: Currently the IRS does not have a publication dealing with Alternative Minimum Tax forcing taxpayers to rely on the instructions for Forms 6251 and 8801. That's unfortunate because of the growing number of individuals estimated to one day be affected by it - who may not be aware of it. Perhaps you have a lot of exemptions? A second mortage? The AMT is waiting to pounce on your income tax return.
    Who Will Pay the AMT in 2005?
    • 27% of taxpayers earning between $75,000 and $100,000
    • 54% of those earning between $100,000 and $200,000
    • 83% of those earning between $200,000 and $500,000

    For an AMT tutorial, read what this tax professional thinks.
    From a report published by Congress on the consequences of AMT.
    You will find AMT rate tables here

    You can find other forms and publications concerning Special Taxes here.

    Calculators

  • Calculate your Income Federal tax liability:

    Tax Forms
    Form Search Search for Tax Forms & Instructions
    Only 2003 & 2004 Tax Year Only
    To find an IRS Tax Form or Instructions (PDF), input the number of the form in the Search Box. If you don't know the number of the form, try inputting part of the name of the form.

    Search for Keyword(s) or Topic
    When Searching for keywords or strings of words, put your search words in quotes (example: "Child Care"). You can also choose to either search the entire site, or search a selected portion of the site. By limiting your search to a portion of the site, you may reduce your search results, but they may be better targeted.


    Filing Late and/or Paying Late: Information You Should Know
    Before you decide not to file your tax return on time or not pay all of your taxes when they are due, consider this.

    Extension of Time to File Your Tax Return
    Need more time to prepare your federal income tax return? This page will direct you to information on how to apply for an extension.

    Tax Information for Members of the U.S. Armed Forces
    Members of the U.S. Armed Forces, especially those serving in combat zones, face some special tax situations and are entitled to some special tax benefits.

    Everyday Tax Solutions
    Taxpayers don't need to wait for special IRS events; they can solve federal tax problems everyday, in every Taxpayer Assistance Center. Getting information about your local IRS Taxpayer Assistance Center is so easy.

    New Telephone Listings Available for your Local IRS Taxpayer Assistance Center
    Getting information about your local IRS Taxpayer Assistance Center just got easier with new local telephone listings. You can get pre-recorded information about office hours and locations, or if you have a tax problem and want to make an appointment to talk with someone in person, leave a message and IRS will call you back. For tax law or account information, please call 1-800-829-1040.

    1040 Central
    What's new for this filing season.

    Welcome to the IRS Withholding Calculator
    This easy-to-use calculator can help you figure your Federal income tax withholding so your employer can withhold the correct amount from your pay. This is particularly helpful if you've had too much or too little withheld in the past, your situation has changed, or you are starting a new job.

    Free Tax Return Preparation For You by Volunteers
    Free Tax Preparation For You by Volunteers

    There are a wide variety of downloadable forms and publications here

    State Forms updated for the 2004 Tax Year

    [Alaska] [Arizona] [Arkansas] [California [Colorado] [Connecticut] [Delaware] [District of Columbia] [Florida] [Georgia] [Hawaii] [Idaho] [Illinois] [Indiana] [Iowa] [Kansas] [Kentucky] [Louisiana] [Maine] [Maryland] [Massachusetts] [Michigan] [Minnesota] [Mississippi] [Missouri] [Montana] [Nebraska] [Nevada] [New Hampshire][New Jersey] [New Mexico] [New York State] [North Carolina] [North Dakota] [Ohio] [Oklahoma] [Oregon] [Pennsylvania] [Rhode Island] [South Carolina] [South Dakota] [Tennessee] [Texas] [Utah] [Vermont] [Virginia] [Washington] [West Virginia] [Wisconsin] [Wyoming] [IRS]

    Online Filing
    Filing online is not for everyone. Here are a few simple things you need to keep in mind when you do decide to file electronically.

    1. Come to the process prepared. You will still have to dig up all the same personal financial histories (receipts, bank statements, pay stubs, etc.) that you would have had to do had you carted yourself off to the tax preparer. Because of this, it is not advisable to wait until the last minute.
    2. You can use the tools found at the following sites. They offer to allow you to work through the whole process without charging you for the service. If you should decide to file, then they will charge you for the effort. Stick with the big name filers such as turbotax.com and hrblock.com.
    3. If you have a complicated financial life that requires the input and expertise of someone well versed in the complexities of our tax system, this is not the way to go. Find yourself a good and reputable accountant. Ask a friend or an family member.
    4. Most of us will have to file state income tax returns and this will be an additional expense. But don't forget to do it!
    5. The process is incredibly quick and is perfect for those with simple returns. And if you are getting back an enormous amount of money, it is probably time to rethink that strategy. Too much of a return simply means that you have given the government more of your money, interest free, than they were entitled to.
    6. Save a copy of your return in printed form, and keep it for at least three years. If you have the room, keep it for ten.