The Internal Revenue Service has issued a new tax guide to help taxpayers and tax preparers get the most out of new recovery tax breaks and get a jump on preparing 2009 income tax returns.
Publication 17 has been published annually by the IRS for more than 65 years and has been available on the IRS Web site since 1996. As in prior years, the publication is packed with basic tax-filing information and tips on what income to report and how to report it, figuring capital gains and losses, claiming dependents, choosing the standard deduction versus itemizing deductions, and using IRAs to save for retirement.