Types of business structures

From CNN Money, learn about the types of business tax structures
and the similarities and differences between them:

LLP, LLC, S-corp, C-corp, GP and LP

http://money.cnn.com/2008/07/30/smallbusiness/business_structures_101.fsb/index.htm

Ed Slott Report Blog

Learn from the guru of retirement tax planning in his extensive blog (with extensive
reader Q&A):

• How to minimize taxes, use exemptions and avoid penalties when withdrawing/distributing from retirement plans
• How to avoid errors when transferring accounts from a 401k/company plan to an IRA
• How to best combine retirement planning and estate planning
• Learn more about: Roth IRA, Inherited IRA, Life insurance Planning, Estate planning Trusts

http://theslottreport.blogspot.com/

Tax Breaks In New Stimulus

The New York Times writes about new tax deductions/credits and expanded programs that are available under the stimulus bill . These include:

income tax credit
lower taxes on unemployment
subsidies for Cobra coverage and extended eligibility
car buyer sales tax deduction
increase pell grant
increased education tax credit
expanded 529 plan expenses eligibility
home buyer credit
amt patch
http://www.nytimes.com/2009/02/13/your-money/13money.html?ref=your-money

H&R Tax Info

Confused about your upcoming tax return?
Confused about technical tax terms?
H&R Block has tax tips divided by topic and a more detailed index with helpful information including:

• credits and deductions
• college
• housing
• marriage and family
• investment income

http://www.hrblock.com/taxes/tax_tips/index.html

IRS Ruling: Law School Loan Forgivness is Not Income

IRS Revenue Ruling 2008-34 provides that debt forgiven through law school loan forgiveness programs will not be income. For a historical perspective, see this informative link:
http://taxprof.typepad.com/taxprof_blog/2008/06/irs-blesses-law.html

Find Tax Deductions

MSN has a great online tool, provided by TurboTax, to help you find your tax deductions:
http://turbotax.intuit.com/tax-software/ty07/msn/deduction-finder.jsp

Take Tax Deductions

You can learn what important tax deductions to take if you itemize instead of taking the standard deduction. (Medical, taxes paid, interest paid, charity, casualty losses, job expenses, misc losses). Tax deductions reduce your taxable income. Learn about what is deductible and how much is deductible.
http://www.bankrate.com/brm/news/Financial_Literacy/Dec07_tax_deductions_a1.asp?caret=78b

Celebrity tax issues

Learn how some celebrities handle their tax issues and who they take advice from. Learn some of the tax pitfalls of being in the entertainment/ artistic industries. Learn how they handle the tax implications of having sporadic income but having to pay regular taxes.
http://www.bankrate.com/brm/news/Financial_Literacy/Dec07_tax_experts_a1.asp?caret=80