Q&A: Tax expert explains what's new this year

Taxes: How to Cheat Like a Pro

Forbes Magazine
By Janet Novack and Ashlea Ebeling

If it's not reported on a W-2 or 1099, who's to know? Not the IRS, taxpayers figure. But watch out. You can still get caught.

Before bowing out as nominee for health czar, Thomas A. Daschle explained as best he could how he managed to overlook $340,000 of income on his 2005 through 2007 tax returns. His reason: The income (some cash and a lot of chauffeuring) didn't show up on his 1099s. These are the forms self-employed people such as influence peddlers receive instead of W-2 wage statements.
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Tech-Worker Tax Alert

Forbes.com
by Claudia Hill

At last, AMT relief for options holders caught in the dot-com bust.

Are you one of the many honest taxpayers who exercised incentive stock options and paid a big alternative minimum tax bill on phantom income recognized before the dot-com bust of 2000 and 2001?

Then pay close attention. Congress has finally provided relief for the tax injustice you suffered. But it requires that you take certain actions and marshal some paperwork before filing your 2008 returns.

Click on HELP above for: Tax Time Torture Worsens

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The IRS Has A New Weapon: Your Tax Pro

Wall Street Journal
By Tom Herman

A new law that puts the onus on tax preparers to head off tax dodging is expected to lead to more paperwork and higher fees for some taxpayers.

The law is intended to make preparers more cautious about signing tax returns that include questionable or aggressive tax items without disclosing the details to the Internal Revenue Service on a special form. Stiff penalties may be imposed not only on income-tax preparers, but also on those who prepare estate- and gift-tax returns, employment and excise-tax returns, and returns of tax-exempt organizations.

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SEMINAR SPEAKERS & COURSE AUTHORS

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Read below what ClientWhys has to say about Claudia

Claudia Hill

Claudia Hill is a nationally recognized tax professional and frequent lecturer on taxation of individuals, tax planning and representation before the IRS. She is Editor in Chief of the CCH, Inc." Journal of Tax Practice & Procedure" and is a Contributing Author of Practitioner's Publishing Company's "Guide to Dealing with the IRS." She is often called upon by the news media as a resource person for tax topics for periodicals such as WORTH, Money, Wall St. Journal, the San Jose Mercury News and many others.

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