Posts Tagged "tax code"

File for earlier disaster relief

Posted on Dec 25, 2012

If you were a victim of Hurricane Sandy this year or some other natural disaster severe enough to be classified as a “presidentially declared disaster,” you have a special option in the tax code that may help in your recovery. You can claim your loss on your 2012 tax return, or you can amend your 2011 tax return and claim your loss against that year’s taxes. Filing an amended return for 2011 could give you an earlier refund to help pay for the losses resulting from the...

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Some tax facts

Posted on Nov 29, 2011

Some tax facts from National Taxpayer Advocate Nina Olson’s annual report to Congress:  * Americans spend 6.1 billion hours preparing their taxes every year.  * There have been 4,428 changes to the tax code over the past ten years.  * Nine out of ten Americans have someone prepare their tax return or use tax software.  * The tax code is so long that no one is certain exactly how long it...

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