Use IRS form 5405 instructions to determine your eligibility for the homebuyer tax credit and be aware that if filing form 5405, you cannot eFile your 2009 return... you must file it on paper.

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The reason for incorporation was primarily driven by the taxation benefits as I detailed below, but I also think it will make me more focused on my goals and growing this blog from a hobby to a serious source of passive income.

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Are tax preparers worth hiring for all tax returns?

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With 2009 just around the corner, it is time for taxpayers to start taking some year-end actions with their finances to get the best outcome on their 2008 taxes.Here are some of the top tips to ensure you minimize your tax bill or maximize your refund. I have also included the latest 2009 tax rate brackets and changes released by the Internal Revenue Service for reference.

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