http://tax.somersetblogs.com Successful Tax Strategies: Cutting through the complexities of the Tax Code. Fri, 12 Mar 2010 19:56:06 +0000 http://wordpress.org/?v=2.6.3 http://tax.somersetblogs.com/2009/05/29/new-indiana-unemployment-law-for-2010/#comment-281 oakley Fri, 26 Feb 2010 20:18:08 +0000 http://tax.somersetblogs.com/?p=65#comment-281 we need jobs that pay good not 7-12 but at least ph so hoosier families can make it on their own again we need jobs that pay good not 7-12 but at least ph so hoosier families can make it on their own again

]]> http://tax.somersetblogs.com/2009/02/17/arra-expands-definition-of-qualified-education-expenses/#comment-279 Susan Bradford Mon, 22 Feb 2010 13:40:04 +0000 http://tax.somersetblogs.com/?p=48#comment-279 The American Opportunity Tax Credit can be claimed for tuition, fees and course materials in 2009 and 2010. However, computers are not specifically included in this category. The only way the computer could be taken as a qualified expense would be if the purchase was part of the tuition. The American Opportunity Tax Credit can be claimed for tuition, fees and course materials in 2009 and 2010. However, computers are not specifically included in this category. The only way the computer could be taken as a qualified expense would be if the purchase was part of the tuition.

]]> http://tax.somersetblogs.com/2009/02/17/arra-expands-definition-of-qualified-education-expenses/#comment-274 John Sat, 20 Feb 2010 14:58:23 +0000 http://tax.somersetblogs.com/?p=48#comment-274 Can you deduct the cost of purchasing a computer and internet expenses as a qualified education expense for the American Opportunity Credit if the college requires you to use a computer for term papers and research? Can you deduct the cost of purchasing a computer and internet expenses as a qualified education expense for the American Opportunity Credit if the college requires you to use a computer for term papers and research?

]]> http://tax.somersetblogs.com/2009/08/26/mortgage-debt-forgiveness/#comment-228 Help with the IRS Mortgage Debt Relief Act | What's Hot Today? Wed, 26 Aug 2009 22:13:23 +0000 http://tax.somersetblogs.com/?p=100#comment-228 [...] Mortgage Debt Forgiveness - Successful Tax Strategies [...] [...] Mortgage Debt Forgiveness - Successful Tax Strategies [...]

]]> http://tax.somersetblogs.com/2009/06/26/president-signs-%e2%80%9ccash-for-clunkers%e2%80%9d-bill/#comment-213 karenc Sat, 27 Jun 2009 23:36:19 +0000 http://tax.somersetblogs.com/?p=85#comment-213 Cash for Clunkers has a negative consequence. It will harm donations of cars to charity because the voucher is much greater than the tax deduction. Congress could have stimulated car sales by just returning to allowing car donors to claim the book value as their tax deduction. Since most donated cars are recycled, there would be an environmental benefit as well. Cash for Clunkers has a negative consequence. It will harm donations of cars to charity because the voucher is much greater than the tax deduction. Congress could have stimulated car sales by just returning to allowing car donors to claim the book value as their tax deduction. Since most donated cars are recycled, there would be an environmental benefit as well.

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