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	<title>Best Tax Tips &#187; Tax Laws</title>
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	<description>Individual and Business Tax Articles</description>
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		<title>Seven Tips about Claiming the First-Time Homebuyer Credit</title>
		<link>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/</link>
		<comments>http://besttaxtips.com/2010/03/seven-tips-about-claiming-the-first-time-homebuyer-credit-2/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 08:56:51 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[First-Time Homebuyer Credit]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=224</guid>
		<description><![CDATA[
			
				
			
		
If you purchased a home in 2009 or early 2010, you may be  eligible to claim the First-Time Homebuyer Credit, whether you are a first-time  homebuyer or a long-time resident purchasing a new home.
Here are seven things to know about claiming the credit:
1. You must buy &#8211; or enter into a binding contract [...]]]></description>
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		<title>Tax tips if you changed your marital status</title>
		<link>http://besttaxtips.com/2010/01/tax-tips-if-you-changed-your-marital-status/</link>
		<comments>http://besttaxtips.com/2010/01/tax-tips-if-you-changed-your-marital-status/#comments</comments>
		<pubDate>Fri, 08 Jan 2010 21:48:05 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[head of household]]></category>
		<category><![CDATA[marital status]]></category>
		<category><![CDATA[tax rules]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=186</guid>
		<description><![CDATA[
			
				
			
		
If you were married or divorced recently, there are a couple of things you&#8217;ll want to do to ensure the name on your tax return matches the name registered with the Social Security Administration.
Here are five items for recently married or divorced taxpayers. Following these steps will help avoid problems when you file your tax [...]]]></description>
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		<title>Tax-saving Moves for the Rest of 2009</title>
		<link>http://besttaxtips.com/2009/10/tax-saving-moves-for-the-rest-of-2009/</link>
		<comments>http://besttaxtips.com/2009/10/tax-saving-moves-for-the-rest-of-2009/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 15:44:12 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Alternative Minimum Tax]]></category>
		<category><![CDATA[Child and Dependent Care Credit]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Tax deduction]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=151</guid>
		<description><![CDATA[
			
				
			
		
April 15 is still several months away, but it’s not too soon to give your 2009 tax situation some extra attention. Here are some pointers that could lighten your federal income-tax burden.




Image by Walt Jabsco via Flickr



Buy a car. State and local sales or excise taxes paid on the purchase of a new vehicle are [...]]]></description>
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		<title>New Municipal Bond Benefit</title>
		<link>http://besttaxtips.com/2009/10/new-municipal-bond-benefit/</link>
		<comments>http://besttaxtips.com/2009/10/new-municipal-bond-benefit/#comments</comments>
		<pubDate>Thu, 08 Oct 2009 15:40:54 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Municipal bond]]></category>
		<category><![CDATA[Stocks and Bonds]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=149</guid>
		<description><![CDATA[
			
				
			
		
Municipal bonds offer investors three significant tax advantages.
Municipal bond interest is exempt from regular federal income taxes.




Image via Wikipedia



 Because it is exempt, the interest does not have any effect on adjusted gross income (AGI). Keeping AGI as low as possible is often a tax planning goal.
 Many states do not tax their residents on the interest [...]]]></description>
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		<title>Cost Basis Complications</title>
		<link>http://besttaxtips.com/2009/10/cost-basis-complications/</link>
		<comments>http://besttaxtips.com/2009/10/cost-basis-complications/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 15:37:02 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Personal Exemptions]]></category>
		<category><![CDATA[Tax Credits]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Capital gain]]></category>
		<category><![CDATA[Cost basis]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Real estate]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=147</guid>
		<description><![CDATA[
			
				
			
		
You can sell investments held in tax-deferred retirement accounts without worrying about income taxes. But that’s not the case with investments you own outside of tax-deferred accounts. To figure your capital gain or loss on the sale of mutual fund, stock, real estate, and other investments, you have to compare the amount you realize on [...]]]></description>
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		<item>
		<title>Bad Debts</title>
		<link>http://besttaxtips.com/2009/09/bad-debts/</link>
		<comments>http://besttaxtips.com/2009/09/bad-debts/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 01:35:28 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Laws]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=135</guid>
		<description><![CDATA[
			
				
			
		
It is virtually inevitable that all of us will at one time or another incur financial losses in our business and personal lives. One frequently occurring type of loss is a bad debt. Whether made in the course of business, or to a friend or relative, sometimes a loan simply cannot be repaid despite the [...]]]></description>
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		<item>
		<title>Paying taxes by credit card has just gotten cheaper</title>
		<link>http://besttaxtips.com/2009/09/paying-taxes-by-credit-card-has-just-gotten-cheaper/</link>
		<comments>http://besttaxtips.com/2009/09/paying-taxes-by-credit-card-has-just-gotten-cheaper/#comments</comments>
		<pubDate>Mon, 07 Sep 2009 01:35:58 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Taxation]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=137</guid>
		<description><![CDATA[
			
				
			
		
Taxpayers may deduct convenience fees charged for paying individual income taxes electronically by credit or debit cards. The convenience fees are deductible in the tax year in which they are paid as a miscellaneous itemized deduction subject to the two percent of adjusted gross income (AGI) floor. This treatment is available to individuals who itemize [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Amending a Tax Return</title>
		<link>http://besttaxtips.com/2009/07/amending-a-tax-return/</link>
		<comments>http://besttaxtips.com/2009/07/amending-a-tax-return/#comments</comments>
		<pubDate>Sun, 05 Jul 2009 09:22:46 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Filing]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Tax forms in the United States]]></category>
		<category><![CDATA[Tax return]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=122</guid>
		<description><![CDATA[
			
				
			
		
Taxpayers who need to make a change or adjustment on a return they already filed can do so by filing an amended return. Here are the top 10 things every taxpayer should know about amending your federal tax return.
1. Taxpayers needing to amend their return use Form 1040X, Amended U.S. Individual Income Tax Return.




Image via [...]]]></description>
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		<item>
		<title>Internal Revenue Service issues standard letters and notices</title>
		<link>http://besttaxtips.com/2009/04/internal-revenue-service-issues-standard-letters-and-notices/</link>
		<comments>http://besttaxtips.com/2009/04/internal-revenue-service-issues-standard-letters-and-notices/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 12:47:36 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Individual]]></category>
		<category><![CDATA[Tax Laws]]></category>
		<category><![CDATA[Accounting]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Earned income tax credit]]></category>
		<category><![CDATA[Income tax]]></category>
		<category><![CDATA[Internal Revenue Code]]></category>
		<category><![CDATA[Internal Revenue Service]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=117</guid>
		<description><![CDATA[
			
				
			
		
The Internal Revenue Service issues standard letters and notices on a routine basis.  Some will require specific actions on your part if you have received one of these letters.  It is of course best to act on these as soon as possible so you do not lose any of your rights.   Below is a list [...]]]></description>
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		<title>UBS ENTERS INTO DEFERRED PROSECUTION AGREEMENT</title>
		<link>http://besttaxtips.com/2009/03/ubs-enters-into-deferred-prosecution-agreement/</link>
		<comments>http://besttaxtips.com/2009/03/ubs-enters-into-deferred-prosecution-agreement/#comments</comments>
		<pubDate>Wed, 04 Mar 2009 13:29:09 +0000</pubDate>
		<dc:creator>The Tax Man</dc:creator>
				<category><![CDATA[Tax Laws]]></category>

		<guid isPermaLink="false">http://besttaxtips.com/?p=80</guid>
		<description><![CDATA[
			
				
			
		
Bank Admits to Helping U.S. Taxpayers Hide Accounts from IRS; Agrees to Identify Customers &#38; Pay $780 Million
WASHINGTON &#8211; UBS AG, Switzerland&#8217;s largest bank, has entered into a deferred prosecution agreement on charges of conspiring to defraud the United States by impeding the Internal Revenue Service (IRS), the Justice Department announced today.




Image via Wikipedia



As part [...]]]></description>
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