Nevada Public Radio Banner
KNPR's State of Nevada About SON Archives Participate Specials
UPCOMING DISCUSSIONS
HUD Threatens To Take Back Navajo Housing Dollars
RECENT DISCUSSIONS
Should Kids Be Able To Just Leave Shelters?
Not Ready To Serve
Nevada's Solar Future May Not Be So Sunny
China -- Friend Or Foe?
A Bad Bet: The Legislature Shuts Down Sports Kiosks
Strife In The Sky
Can Eminent Domain Save North Las Vegas Homeowners?
Sen. Justin Jones Talks Background Checks
X-Hunters Search For Secret History Of Air Force
How To Help A Grieving Student
More Troubles With Las Vegas Constable
Tyrone Thompson, Replacement Assemblyman
Replacing James Guthrie
DOJ Expected To Join Negotiations With Arpaio Attorneys
New Exams For Firefighters After Cheating Scandal
Gun Bill Shot Down
Acting Labor Secretary Talks Immigration Reform
Child Haven's 'Repeat Runaways' Found
Flores Brings Personal History To Domestic Violence Legislation
What's The Future Of Las Vegas' Mets' Affiliate?
Yes, It's Tax Season Already

AIR DATE: December 8, 2011
LISTEN TO M3U | DOWNLOAD MP3

Tax Expert Raphael Tulino Has Some Tips for Getting Ready for the 2012 Tax Season. Don't get too stressed before the holidays, he says. These friendly reminders are  just to make sure that when April rolls around, you'll be worry-free.

  • During the holidays, keep track of all your charitable giving—whether it’s to your church or to Goodwill, it counts. Any money donated by December 31, 2011, can be included in the deductions for the year. But, make sure that the nonprofit or charitable group is recognized by the IRS as such. Check out www.irs.com to make sure who you’re giving the money to is legit.
     
  • Take advantage of energy credits. If you’ve had solar panels installed on your home, or if you’ve gotten new insulation, windows or a new furnace on your home, you’re likely entitled to a deduction. If you’re planning on going solar in the future, don’t worry, though. That credit won’t expire till 2016. You can reap the benefits then, too.
     
  • Keep track of your stock portfolio. You can claim losses. Check www.irs.com to ensure that your losses can be claimed on your form.
     
  • A big mistake people make is forgetting to put certain aspects on their tax return. A great New Year’s resolution is to keep a folder of all your tax information somewhere in your home. That way, you’ll be able to reference it and avoid back tracking and wasting time during the tax form process.

______________________________________________

GUEST
Raphael Tulino,  spokesman, IRS



    Yes, It's Tax Season Already
    I was employed as an independent contractor ...
    -Kevin Floor
    Join the Conversation   
    Join the Discussion
    COMMENTS:
    I was employed as an independent contractor for a local company, the company has gone out of business and still owes me $5200.00, can I write this off as a loss, and what documentation do I need to provide to the IRS.
    Kevin FloorDec 8, 2011 09:46:09 AM


    Join the Discussion
    12/08/11 RUNDOWN
    Steve Wynn Joins Up with New England Patriots Owner on Boston Casino Deal
    Gridlock in the Time of Newt
    Yes, It's Tax Season Already
    Learning Mandarin May Be Important for Students' Future
    The Shakespeare Thefts


    © 2012 NEVADA PUBLIC RADIO   
    Web hosting facilities provided by Switch.