Important Tax Changes for 2008

The IRS has released it’s ever helpful tax guide for the individual. Below are highlights of the tax changes for 2008:
Economic stimulus payment. Any economic stimulus payment you received is not taxable but reduces your recovery rebate credit.
Recovery rebate credit. If you did not receive the full economic stimulus payment, you may be able [...]

TaxBrain.com is Ready for Your Tax Return!

Good News! TaxBrain.com is available now to start your 2008 Tax Return!
Now in our ninth year, TaxBrain.com is updated with all the latest federal, state and local tax laws to make filing your taxes as quick and easy as possible. On January 16th the IRS will open its e-File doors. Be one of the first [...]

IRS Offers Tips for Year-End Donations

Individuals and businesses making contributions to charity should keep in mind several important tax law provisions that have taken effect in recent years.
One provision offers older owners of individual retirement arrangements (IRAs) a different way to give to charity. There are also rules designed to provide both taxpayers and the government greater certainty in determining [...]