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Congress
maintains a tax code with enough floors and ceilings to rival Versailles, and
this year it decided to add on a few more rooms. Two major pieces of tax
legislation were passed this year and lawmakers managed to include a few
surprises for everyone - parents, investors, charitable donors, and retirement
savers. Finding the new deductions and planning opportunities can be daunting
but savvy taxpayers know they can rely on J. K. LASSER'S YOUR INCOME TAX 2007:
For Preparing Your 2006 Tax Return (Wiley; November 2007; $17.95, Paper) to
pinpoint and explain last minute changes they may have missed..
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For instance, parents saw years of planning undone by the retroactive
expansion of the "Kiddie tax" and donors are facing stricter rules for the
contributions of used clothing and household goods made after 8/17/06. Is
there any help for time-starved taxpayers? Can one source really track and
explain the new law and demystify the 1040? The experts at the J.K Lasser Institute say yes. Coverage of current tax law changes, both
comprehensive and comprehensible is what the Lasser team of experts provides.
J.K. LASSER'S YOUR INCOME TAX 2007 has done the homework, crunched the
numbers, and analyzed the needs. J.K. LASSER'S FAST CASH, I TOP DEDUCTIONS 2007,
a free booklet available to purchasers in January 2007, is designed I to
highlight and emphasize some overlooked deduction opportunities and strategies.
For decades, the J.K. LASSER'S .series of tax guides have been well received
by professionals I and consumers because they are authoritative, easy-to-use and
concise.
Here are some I highlights:
• Form 1040 mapped to the section of the guide you need
• Line-by-line explanations and instructions for commonly used forms
• More than 2,500 easy-to-use tax planning tips and strategies
• Quick-reference section highlighting what's new (good or bad) for 2006
• Key tax numbers for 2006 - the most important limits and maximums at a
glance
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