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Displaying Results 1 - 5 (of 5) for All Content
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2007 Tax Return - Late Filers Will Face PenaltiesChances are if you still have not filed your 2007 tax return, you are going to face some penalties. -
2007 Tax Tips - Generous Hope and Lifetime Credit from Uncle SamThanks to adjustments in inflation, some educational tax breaks now have a slightly more generous income-eligibility level in your 2007 tax return -
2007 Tax Return - the "Additional Child Tax Credit" Has Expanded the Income LimitsThe Child Tax Credit is usually limited by the amount of income tax that you owe as well as owing any alternative minimum tax. -
2007 Tax Return - Mortgage Forgiveness Debt Relief Act of 2007The Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. It applies to qualified debt forgiven in 2007, 2008 or 2009. -
2007 Tax Return - Don't Overlook the Adoption CreditBeginning in 2007, the credit allowed for an adoption of a child with special needs is $11,390 and the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $11,390