Tax Tips - A Dangerous Time for Taxpayers

Kevin McCormally

As tomorrow's tax deadline rapidly approaches, tax payers could be rushed into making mistakes. That's why NBR's tax guru, Kevin McCormally of Kiplinger's Personal Finance, calls this a dangerous time for tax payers. In his latest tax tip, he lists some legitimate tax breaks you shouldn't rush to overlook.

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External Links/Articles*

• IRS - Form 1099-Q (PDF Document)
  Kevin McCormally mentions IRS Form 1099-Q in his tax tip. The form reports payouts from state college savings plans and Coverdell accounts. This links to an informational copy of the form. You must request the real form from the IRS.
• IRS - Form 4868 (PDF Document)
  Form 4868 is the "Automatic Extension of Time to file U.S. Individual Income Tax Return." You can print and file this form.
• IRS - Hope and Lifetime Learning Credits
  Kevin McCormally mentions the Hope and Lifetime Learning Credits in his tax tip. This links to information about changes the Internal Revenue Service has made to these credits for tax years 2008 and 2009.
• IRS - Recovery Rebate Credit Information Center
  Wondering if you qualify for the recovery rebate credit Kevin McCormally mentions in his tip? Check out this page of the Internal Revenue Service website.
• IRS - Tax Relief in Disaster Situations
  This links to the section of the Internal Revenue Service website that lists information about tax relief for victims of the recent floods and storms in North Dakota, Minnesota, and Oklahoma.

*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.