No more waiting!  The IRS is Ready! Almost…

No more waiting! The IRS is Ready! Almost…

For those of you waiting to file because of the temporary hold on education expenses and Schedule A, the wait is finally over. Well at least we can see the end in sight. February 14th the IRS has announced they will start accepting tax returns which were delayed due to the new [...]

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Be Careful of Free Tax Returns

Be Careful of Free Tax Returns

Everywhere I look this year I see ads for free tax returns.  TV, Internet, radio announcements…..  This is not something new, most companies have been offering access to the free tax software for years.  But why, what are they selling???
The truth is the free tax software is only good for simple taxes and households who [...]

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The DiscountTax Gorilla: A Fresh New Look to Taxes

The DiscountTax Gorilla: A Fresh New Look to Taxes

A MUST-SEE short video of the DiscountTax Gorilla!
He is our pride & joy:
http://animoto.com/play/P1aAwcWF6GT20utHVy1t2g#

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Free Tax day March 5th at Cherry Grove Friends Church

Free Tax day March 5th at Cherry Grove Friends Church

Yesterday I just wrote about being cautious regarding free tax filing software. Today may seem a little hypocritical because we are announcing our free tax day.
DiscountTax will be holding another free tax day, free preparation and free e-filing for most personal taxes.
In these tough economic times we would like to assist those who may want [...]

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Energy Tax Credit Ends December 31st

Energy Tax Credit Ends December 31st

Complete your qualified home improvement by December 31st 2010 and earn up to 30% back up to $1500.
Qualifying products include doors, insulation, roofs, central air conditioners and water heaters – improvements that protect the home from outside elements. This credit is available for primary and some secondary residencies. Sorry rental owners [...]

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Homebuyer Credit: the fine print…

Homebuyer Credit: the fine print…

If you purchased a home in 2009, I’m sure you are already well-aware of the Homebuyer Credit offered by the IRS.
But did you know that you cannot e-file your tax return this year if you claim this credit?
The First-Time Homebuyer program has existed for a number of years, but for 2008-2010 the credit has been [...]

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Hope and Lifetime Learning Credits Change… For The Better

Hope and Lifetime Learning Credits Change… For The Better

The Hope Credit has been replaced for the 2009 and 2010 tax years by the American Opportunity Credit (AOC).  The maximum amount for the AOC is $2500 per student per year.  The AOC also allows for the deduction to be taken for the first four years of post education.  Previously the Hope Credit allowed just [...]

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Future Blog Topics.. Check Back Often

Future Blog Topics.. Check Back Often

Here are some of the topics we will be covering in future blogs.  Have a topic you would like us to cover?  Let us know!
-e-filing will become mandatory
-Upcoming Professional Tax Preparer requirements
-Haiti Charitable Contributions deductible in 2009 (including text msgs)
-Home Buyers Credit (form 5405) filed by Paper only (no e-file)
-Unemployment Income exclusion (Up to $2400?)
-Pro-Life [...]

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Links

Here are some links we think are important
Internal Revenue Service
Enrolled Agent
Oregon State Tax Info
Washington State Tax Consultants

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Welcome to DiscountTax!

Welcome to DiscountTax!

We are very happy you have come to visit us on the Internet. We are here to help you with all of your tax service needs.

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