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IRS TAX TIP 2002-09
Facing a lot of different tax questions
this year? IRS experts have
pulled together an overview of common tax
issues in one convenient place - Publication 17, "Your
Federal Income Tax." This updated publication, available on
the IRS Web site, contains a vast array of helpful information in
one guide.
From stock sales to student loans, this
280-page publication holds the answers to many of your questions,
such as:
- Need help deciphering the mysteries
of the Roth IRA? Try Chapter 18 for retirement accounts.
- Do you have a new child in the
house? See Chapter 35 for the Child Tax Credit.
- Are you selling stock for the first
time? Check Chapter 17 for capital gains. If you're
unloading losers, capital losses are there, too.
- Do you need to report the profit on
your home sale? See Chapter 16 for some good news.
Generally, you only need to report the sale of your home
if your gain is more than $250,000 ($500,000 if married
filing a joint return).
And the best part about Publication 17? It's
free.
To get a copy, visit the IRS Web site at
www.irs.gov or order a copy by calling 1-800-TAX-FORM
(1-800-829-3676).
** Reference: IRS
News Releases And Fact Sheets
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