Tax Return Preparation

WASHINGTON (Dow Jones) — Question: In your recent column, “The pros and cons of a second mortgage on rental home,” you neglected to mention in your response that the writer cannot take the deduction for a rental property unless they also use it as a second home.

The Prosperity Campaign of Hillsborough and Pinellas counties is seeking volunteers to help taxpayers who earned less than $38,348 in 2006 complete their federal income tax returns.

Pssst. I have a really big secret to share. Finally, at long last, the Spanish-American War is over. No, really.

While the holiday season is upon us, tax season is just around the corner. AARP is drawing attention to a new program that they hope will encourage people to save and invest their tax refunds.

If you’re considering doing your own tax return preparation, consider filing electronically. Programs like TurboTax and H & R Block’s Tax Cut essentially do the math for you.

KANSAS CITY, Kan. – The owner of a tax preparation business and an accountant who worked for him were indicted Thursday on charges of helping clients prepare fraudulent tax returns.

(Phoenix, AZ) - AARP Tax-Aide, the nation’s largest, free, volunteer-run tax counseling and assistance service is looking for volunteers to help Americans as they prepare their taxes. The program also seeks volunteers to fulfill key leadership positions.

Last year, the 30 Moore County volunteers for the local AARP Tax-Aide program provided free counseling and federal and state tax return preparation for nearly 1,000 Moore County residents.

UTICA — Maria Fuentes has paid tax preparation businesses to do her income tax returns before, but she won’t be doing so again if she can help it. “Why pay for something you can get free?” asked Fuentes, a Utica resident.