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	<title>Best Tax Tips &#187; Business</title>
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		<title>Tips on Gambling Income</title>
		<link>http://besttaxtips.com/2010/03/tips-on-gambling-income/</link>
		<comments>http://besttaxtips.com/2010/03/tips-on-gambling-income/#comments</comments>
		<pubDate>Sun, 21 Mar 2010 09:06:03 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=236</guid>
		<description><![CDATA[
			
				
			
		
Gambling winnings are fully taxable and must be reported on your tax return. Here are seven tips to know about gambling winnings.


Gambling income includes &#8211; but is not limited to &#8211; winnings from lotteries, raffles, horse and dog races and casinos, as well as the fair market value of prizes such as cars, houses, trips [...]]]></description>
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		<title>Nine Tax Tips about Tax Penalties</title>
		<link>http://besttaxtips.com/2010/03/nine-tax-tips-about-tax-penalties/</link>
		<comments>http://besttaxtips.com/2010/03/nine-tax-tips-about-tax-penalties/#comments</comments>
		<pubDate>Wed, 17 Mar 2010 18:55:05 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Tax Penalties]]></category>
		<category><![CDATA[Tax Tips]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/2010/03/nine-tax-tips-about-tax-penalties/</guid>
		<description><![CDATA[
			
				
			
		
The tax filing deadline is approaching. If you don&#8217;t file  your return and pay your tax by the due date you may have to pay a penalty. Here  are nine things to know about the two different penalties you may face if you do  not pay or file on time.
1. If you [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Tips for understanding the Standard deduction and Itemized Deduction</title>
		<link>http://besttaxtips.com/2010/03/tips-for-understanding-the-standard-deduction-and-itemized-deduction/</link>
		<comments>http://besttaxtips.com/2010/03/tips-for-understanding-the-standard-deduction-and-itemized-deduction/#comments</comments>
		<pubDate>Wed, 10 Mar 2010 18:55:14 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Itemized deduction]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=220</guid>
		<description><![CDATA[
			
				
			
		
Most taxpayers have a choice of either taking a standard  deduction or itemizing their deductions. If you have a choice, you can use the  method that gives you the lowest tax.
Whether to itemize deductions on your tax return depends on  how much you spent on certain expenses last year. Money paid for [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Eight Tips to Help You Choose a Tax Preparer</title>
		<link>http://besttaxtips.com/2010/03/eight-tips-to-help-you-choose-a-tax-preparer/</link>
		<comments>http://besttaxtips.com/2010/03/eight-tips-to-help-you-choose-a-tax-preparer/#comments</comments>
		<pubDate>Mon, 01 Mar 2010 18:59:42 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Preparer]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=232</guid>
		<description><![CDATA[
			
				
			
		
Use care and caution when choosing a tax preparer. Remember, you are legally responsible for what&#8217;s on your tax return even if it was prepared by an another individual or firm.

Most tax return preparers are professional, honest and provide excellent service to their clients. However, unscrupulous tax return preparers do exist and can cause considerable [...]]]></description>
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		<title>Five Important Tips About Your Unemployment Benefits</title>
		<link>http://besttaxtips.com/2010/02/five-important-tips-about-your-unemployment-benefits/</link>
		<comments>http://besttaxtips.com/2010/02/five-important-tips-about-your-unemployment-benefits/#comments</comments>
		<pubDate>Sun, 28 Feb 2010 18:56:22 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=222</guid>
		<description><![CDATA[
			
				
			
		
Taxpayers who received unemployment benefits in 2009 are  entitled to a special tax break when they file their 2009 federal tax returns.  This tax break is part of the American Recovery and Reinvestment Act of  2009.
Here are five important Tips about your unemployment  benefits.



1.
Unemployment compensation generally includes any amounts received  under the [...]]]></description>
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		<title>Tips for Avoid delays in refund for Economic Recovery Payment</title>
		<link>http://besttaxtips.com/2010/02/tips-for-avoid-delays-in-refund-for-economic-recovery-payment/</link>
		<comments>http://besttaxtips.com/2010/02/tips-for-avoid-delays-in-refund-for-economic-recovery-payment/#comments</comments>
		<pubDate>Thu, 18 Feb 2010 08:18:18 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Economic Recovery Payment]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=212</guid>
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As a reminder for those individuals who received an  economic recovery payment in 2009 be sure to include this amount when completing  Schedule M, Making Work Pay and Government Retiree Credits. Many working  taxpayers that received a $250 economic recovery payment from either the Social  Security Administration, the Department of Veterans [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Here are the top five changes that may show up on your 2009 return.</title>
		<link>http://besttaxtips.com/2010/02/here-are-the-top-five-changes-that-may-show-up-on-your-2009-return/</link>
		<comments>http://besttaxtips.com/2010/02/here-are-the-top-five-changes-that-may-show-up-on-your-2009-return/#comments</comments>
		<pubDate>Wed, 17 Feb 2010 08:17:22 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=210</guid>
		<description><![CDATA[
			
				
			
		
1. The  American Recovery and Reinvestment Act
ARRA provides several tax provisions that affect tax  year 2009 individual tax returns due April 15, 2010. The recovery law provides  tax incentives for first-time homebuyers, people who purchased new cars, those  that made their homes more energy efficient, parents and students paying for  [...]]]></description>
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		<title>Scam E-mail Sends Malicious Software to Recipients&#8217; Computers</title>
		<link>http://besttaxtips.com/2009/12/scam-e-mail-sends-malicious-software-to-recipients-computers/</link>
		<comments>http://besttaxtips.com/2009/12/scam-e-mail-sends-malicious-software-to-recipients-computers/#comments</comments>
		<pubDate>Tue, 29 Dec 2009 09:58:26 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=166</guid>
		<description><![CDATA[
			
				
			
		
In recent weeks, a phony e-mail claiming to come from the IRS has been circulating in large numbers. The subject line of the e-mail often states that the e-mail is a notice of underreported income. The e-mail may contain an attachment or a link to a bogus Web page directing taxpayers to their &#8220;tax statement.&#8221; [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>IRS Announces 2010 Standard Mileage Rates</title>
		<link>http://besttaxtips.com/2009/12/irs-announces-2010-standard-mileage-rates/</link>
		<comments>http://besttaxtips.com/2009/12/irs-announces-2010-standard-mileage-rates/#comments</comments>
		<pubDate>Fri, 04 Dec 2009 12:28:27 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Deductions]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=159</guid>
		<description><![CDATA[
			
				
			
		
The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.




Image via Wikipedia



Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

50 cents per [...]]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Tax rate brackets and various tax benefits will remain unchanged</title>
		<link>http://besttaxtips.com/2009/11/tax-rate-brackets-and-various-tax-benefits-will-remain-unchanged/</link>
		<comments>http://besttaxtips.com/2009/11/tax-rate-brackets-and-various-tax-benefits-will-remain-unchanged/#comments</comments>
		<pubDate>Sat, 28 Nov 2009 20:00:13 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=170</guid>
		<description><![CDATA[
			
				
			
		
Tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to inflation, the Internal Revenue Service announced.




Image via Wikipedia



By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation. As a result, more than three dozen tax benefits [...]]]></description>
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