Back in the spring of 2009, a cornerstone of the government’s massive $800 billion stimulus package was a tax credit for millions of American workers. In theory, the extra money would provide a touch of stability for families, plus get more money flowing through the struggling economy. source.
Now approximately 15 million taxpayers will have to repay Uncle Sam!
Individuals Who Work Two Jobs
Working Married Couples
Working Students
Social Security Recipients
More IRS info.
Related Reading:
![The Stimulus Package [Explicit]](http://ecx.images-amazon.com/images/I/61i8DixN4xL._SL160_.jpg "The Stimulus Package [Explicit]")
What the IRS Doesn't Want You to Know: A CPA Reveals the Tricks of the TradeWith tax laws constantly changing and existing regulations hidden in volumes of tax code, nothing related to taxes is easy to figure out. Businesses and individuals in every income bracket need expert advice that cuts through the IRS bureaucracy and shows them how to work within the system. In What the IRS Doesn't Want You to Know: A CPA Reveals the Tricks of the Trade, tax expert Martin S. Kaplan reveals critical strategies that the best CPAs use for their clients to file shrewd, legal, money-saving returns.Filled with in-depth insights and practical advice, this book will help you answer such questions as:
* How can you approach the "new" IRS to maximize your tax return success?
* What are the latest IRS weapons?
* What are the biggest taxpayer misconceptions?
* What are the most commonly overlooked credits and deductions?
* How will new tax legislation affect you?
* How can outdated IRS technology benefit you?
* What forms should you never fill out?
From deciphering the Jobs and Growth Tax Relief Reconciliation Act of 2003 to understanding the personality of the IRS, What the IRS Doesn't Want You to Know will help you shape your tax strategies and stay on top of your current financial situation.
Lower Your Taxes - Big Time 2011-2012 4/ECompletely revised and updated—the must-have resource for saving thousands of dollars at tax time
Taxes aren’t just a nuisance; they’re fast becoming the single biggest expense for the typical American household.
Completely revised and expanded, Lower Your Taxes—Big Time! has everything taxpayers need to know about saving money on April 15—and every other day of the year.
Sandy Botkin, a former IRS attorney, has saved hundreds of thousands of taxpayers hundreds of millions of dollars. And in this powerhouse bestselling handbook, he again delivers money-saving strategies, including:
- Advice on properly documenting any business deduction
- Guidance for getting big tax subsidies for starting a home business
- Ways to turn tuition, entertainment, orthodontia, and other expenses into huge deductions
- And more
Also new to this edition are chapters on the latest changes in health-care law, scams to avoid, how to defend yourself against ID theft, the hidden tax benefits of being a stock or commodities trader, and other need-to-know information.
Presented in Botkin’s trademark no-nonsense, jargon-free style, Lower Your Taxes—Big Time! is all business when it comes to making your life less taxing.
Tax Savvy for Small BusinessThe essential small business tax strategy book for the savvy entrepreneur Named "Best Tax Book" by Entrepreneur magazine Understanding the tax system is vital to the health of every small business. Virtually every decision a business makes has tax consequences that can affect its bottom line -- and the IRS is always watching. Develop the best tax plan for your small business, learn the ins and outs of the tax code, and create comprehensive strategies to get back the most from the IRS with this all-in-one guide. Tax Savvy for Small Business provides essential information that will free up your time and money for what counts -- running your business effectively. Completely updated for 2011 returns, it explains how to: - choose the best business entity
- deduct current and capitalized expenses
- write off long-term assets
- keep records that will head off trouble with the IRS
- get tax breaks from business losses
- deal with payroll taxes
- negotiate payment plans for late taxes
- handle an audit
- get IRS penalties and interest reduced
- maximize retirement funds
- take advantage of fringe benefits
- use retirement funds as a tax break The 15th edition of Tax Savvy for Small Business is completely updated and provides the latest tax breaks, rules, forms, and publications, including substantive changes and the latest tax numbers for 2011 returns.
