Last year I failed to take full advantage of the changes that had been made to the tax laws for the 2009 Form 1040. I caught the oversight while reviewing last year’s return in preparation for this year’s income taxes. I filed an amended return (Form 1040X) and claimed the $250 that was due me. [...]
In preparation for the coming income tax season, I thumbed through the material I saved in the 2009 big envelope, including last year’s income tax booklet. The 2009 Schedule L – Standard Deduction for Certain Filers caught my attention. I had skipped it during tax preparation, because I didn’t think it applied to me. The [...]
Throughout the month of January, you will receive tax statements from your employer, bank, credit union, mortgage company, brokerage house, insurance company, and so on. Whether you prepare your own taxes or have them prepared for you, you’ll need an easy way to capture and retain these documents as they arrive by mail. The big [...]
