More bang for your charitable bucks

Article Abstract:

Issues concerning the tax implications of charitable financial donations are discussed. Particular attention is given to techniques of making donations and using the tax system to boost financial benefits. Selling old clothes to charities and creating charity funds are recommended.

Taxation, Finance, Investments, Charitable contributions, Charitable donations

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Introducing the new, 'user-friendly' I.R.S

Article Abstract:

The new Restructuring and Reform Act of the IRS, passed in July 1998, was initiated to establish more partial relations with taxpayers. New rules will affect areas such as tax dispute resolutions, tax debt liability for divorced couples, and Individual Retirement Account rollovers.

Analysis, Capital gains tax, United States. Internal Revenue Service

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When to amend your tax return

Article Abstract:

The IRS allows taxpayers to amend their tax returns generally for the three years immediately prior to the latest tax year. It is generally advisable to file an amended return if the reason involved is previously unreported income. Refilings can be done using IRS form 1040X.

Income tax, Tax returns

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