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If you have your necessary information, you can now file your 2007 income tax return with the IRS. As of January 11, the IRS had begun to accept 2007 income tax returns, including those filed electron...

Recently released proposed regulations clarify what you must do to prove your charitable contributions. Without this substantiation, no deduction is allowed. Cash contributions The law requires tha...

On July 23, the House passed an important measure to help avert foreclosure for more than 400,000 homeowners. The Senate will vote on it soon and the President has said he would sign it. In addition ...

Employers may have leave-based donation programs in which employees can choose to donate their unused leave time—vacation, sick, and personal days—for the use of other employees who’ve run out o...

Call it role reversal, but a growing number of children are caring for their parents. According to a 2007 USA TODAY/ABC News/Gallup poll of baby boomers, 41% who had a living parent were providing fin...

Homeowners caught in sub-prime lending may now be eligible for certain tax relief. Under the Mortgage Forgiveness Debt Relief Act of 2007, if they can work out a refinance that entails some debt forg...

The wash sale rule in the tax law prevents you from recognizing the economic loss you've experienced on the sale of securities when you reacquire substantially identical securities within 30 days...

Just before Congress recessed for the Christmas break, it approved a one-year fix to the alternative minimum tax (AMT) problem...

The American Recovery and Reinvestment Act of 2009, which was signed into law on February 17, creates a number of ways that you can save money now. Here’s how: Get Your Making Work Pay Credit Fo...

A new law designed to aid the ailing housing market and prevent foreclosures for 400,000 homeowners became effective on July 30 when President Bush signed the Housing Assistance Act of 2008. The new ...