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Planning on Sharing your Lottery Winnings with your Family: Write it Down Now!
MegaMillions mania is sweeping the nation. With the grand prize over $500 million, people are dreaming of what they would do with the money, and how they would share it with their families and friends. One one hand, the odds of winning – 1 in …
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IRS Publishes 2010 Edition of Publication 559 — Survivors, Executors, and Administrators – For Preparing 2009 Returns
In recent weeks, one of the most frequent search terms that have brought people to my website has been some variation of “IRS Publication 559.” This is a guide from the IRS that tells Personal Representatives and Executors how to prepare the income tax returns …
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IRS to Reduce Penalty for Offshore Account Holders (If They Fess Up)
For most people, taxes are relatively straightforward. Not easy, not pleasant. But straightforward. If you have a bank account that earns interest during the year, then at the beginning of the following year your bank sends you a Form 1099-INT reporting the interest that you …
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IRS Publishes 2009 Edition of Publication 559, Surviors, Executors and Administrators (to be used with 2008 Returns)
The 2009 Edition of Pub 559, which advises Personal Representatives and Executors how to prepare the income tax returns of decedents whose estate they are administering, has been published by the IRS. It is to be used for the 2008 year. The full PDF of …
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WalMart to Offer Free Tax Prep
According to the Taxgirl (who has a must read blog for people interested in current tax developments), WalMart will be teaming up with the IRS to offer free tax preparation to low income individuals. She has more info at her site, but I wonder if …
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