It’s Tax Time! Navigating Tax Resources

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April 15th is too close for comfort, and the looming date is a reminder to put together that tax return you’ve been putting off.  The U.S. Internal Revenue Service  makes it easy for individuals to file by providing a free file site you can use if your adjusted gross income is less that $58,000.  A link to highlights of recent tax changes, and an interactive tax assistant (ITA) are available to answer tax questions that may not be answered through a Frequently Asked Questions link.  Gain access to pdf copies of frequently downloaded forms and publications accessible by form number or topic by selecting the Forms and Publications link.  These resources are just a few of those available through the Individuals tab of the IRS page.   See Kiplinger’s Personal Finance magazine for helpful articles on successful tax strategies, such as this article on how to Maximize Your Tax Refund.

Businesses can also find a wealth of useful information at the IRS site.  If you are a new business, the Starting a Business tab has information on Employer ID Numbers (EINs), on how the business structure you select affects your taxs, on the Small Business Jobs Act 2010 tax provisions, and even on how to appeal a tax dispute.  For articles on small business and taxes, such as an article on the Small Business Jobs Act of 2010–Key Tax Provisions,  see the Business Source Complete database and search for articles using keywords small business and taxation. 

For state tax assistance and forms in Rhode Island, go to the State of Rhode Island, Division of Taxation site.  This site, as with the federal site, provides a Free File link, 2011 withholding tables, pdf copies of the 1040S (Simple Form), the 1040 Resident Return form and the 1040NR Non-Resident Return form.  Read the Withholding and Revised Personal Income Tax FAQ to find answers to questions you may have regarding the 2011 Rhode Island personal income tax withholding and revised personal income tax rates.

The library also subscribes to the tax databases Checkpoint (from RIA) and the CCH Tax Research Network.  Both  databases provide access to tax news, the tax code and other primary source materials, commentary, tax cases, and tools (tax rate charts, calculators, etc.).  Websites carrying tax advice or free tools include H&R Block, J.K. Lasser, TurboTax, and the National Association of Tax Professionals.

Ask a reference librarian to locate more sources that will help you fill out your tax forms and answer your tax research questions!

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