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http://2007-tax.com Thu, 19 Feb 2009 18:00:50 +0000 http://backend.userland.com/rss092 en By: Robert A. Johnson Thanks to adjustments in inflation, some educational tax breaks now have a slightly more generous income-eligibility level. In the first two years of vocational school or college, the Hope Credit will be able to help the parents with the cost of higher education provided that the ... http://2007-tax.com/2007-tax-return-generous-hope-and-lifetime-credit-from-uncle-sam/ By: Robert A. Johnson With so many people finding themselves facing foreclosure the American government finally stepped in to help out a little. Although nothing could be done about saving the homes, there was The Mortgage Forgiveness Debt Relief Act of 2007 which was enacted on December 20, 2007. ... http://2007-tax.com/2007-tax-what-is-the-mortgage-forgiveness-debt-relief-act-of-2007/ Click here to access Year 2007 IRS form download center You can read the 2007 IRS forms, in Adobe Acrobat format. Click Here to file your 2007 taxes online. http://2007-tax.com/2007-late-tax-filing/ By: Robert A. Johnson If you are a homeowner and bought a house in 2007, you can deduct PMI (Private Mortgage Insurance) on your yearly taxes. The Internal Revenue Service has added a line on Form 1098 that you received from your mortgage lender that shows how much mortgage insurance you ... http://2007-tax.com/2007-tax-return-you-can-deduct-pmi-mortgage-insurance-premium-deductions/ By: Robert A. Johnson In the last few years, there have been many families with children who received some important tax relief because of an increase of the Child Tax Credit. This is really a Reduction in the taxes that you pay and not simply a Deduction from your taxable income. ... http://2007-tax.com/the-additional-child-tax-credit-has-expanded-the-income-limits/ By: Robert A. Johnson Chances are if you still have not filed your 2007 tax return, you are going to face some penalties. Even in a case where you have filed an extension you should be aware that you could still be assessed penalties on any taxes owed. The deadline each ... http://2007-tax.com/late-2007-tax-return-filers-will-face-penalties/ By: Robert A. Johnson President Bush signed the 2007 economic stimulus package, what does that mean for you? For starters it could mean a tax-free check for you to spend anyway you see fit. The estimates are the minimum check will be three hundred for single person and twelve hundred for ... http://2007-tax.com/dont-lose-your-rebate-check-or-stimulus-check/ By: Robert A. Johnson EIC (Earn Income Credit) is here to stay. The earned income credit is for the low to moderate income individual or couple. This is a credit you can take to reduce or eliminate the amount of tax you owe. In some cases, it also provides a healthier return. ... http://2007-tax.com/eic-is-here-to-stay/ By: Robert A. Johnson Adoption is near and dear to my heart, as I was an adopted infant. I have researched adopting hard to place kids, and was happy to find that with some of the struggles that are unique to adopted families, the expense of bringing that dream home ... http://2007-tax.com/dont-overlook-the-adoption-credit-in-the-2007-tax-return/