Here's part 4 of a 15-point tax checklist from Money Central:
Get informed. Forget the talk about new tax cuts for now. Do you know what changes the 2001 and 2003 tax cut laws made for you? Or the tax laws passed in Fall 2005 to help hurricane victims? If not, get educated! You can't expect to win the tax game, or even play it successfully, unless you know the rules. If you're tax "simple," the IRS can actually do the return for you, or you can have your return done "online" -- sometimes even for free. Alternatively, if you're tax savvy, do your own return after learning all the new rules. A good place to start: The IRS's absolutely free Publication 17. It's 300-plus pages of everything you need to know about your 2005 tax return.
If that's too much, go to a professional.
For me it's too much -- especially in time commitment. That's one reason I use a CPA to do my taxes.
FMF recommends: H&R Block. Do it yourself or have us do it. It's never been easier.
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