Tax Information

2006/2007 Tax News Links

Deducting Rent and Lease Expenses
FS-2007-14, February 2007 — They account for part of the overstated adjustments, deductions, exemptions and credits that add up to $30 billion per year in unpaid taxes.

Eligibility Rules Outlined for EITC
FS-2007-13, February 2007 — Eligible taxpayers should claim the Earned Income Tax Credit; find out more about the eligibility requirements.

Tax Return Preparer Fraud
FS-2007-12, January 2007 — Taxpayers should use caution when engaging professional tax return preparers and learn the warning signs of potential fraud.

Electronic Payment Options for 2007
FS-2007-11, January 2007 — Taxpayer have a variety of electronic means to pay their taxes in 2007.

Deducting Travel, Entertainment and Gift Expenses
FS-2007-10, January 2007 — In general, taxpayers may deduct ordinary and necessary business-related expenses.

Credit Available for Taxpayers Who Purchased or Leased Hybrid Vehicles In 2006
FS-2007-9, January 2007 — Taxpayers who purchased or leased any of 44 different models of hybrid vehicles in 2006 may be entitled to a tax credit on their 2006 returns worth as much as $3,150 for the most fuel-efficient models.

2007 IRS E-File
FS-2007-8, January 2007 — Find out all the options available to taxpayers who file their returns electronically in 2007.

Tax Packages for the 2007 Filing Season
FS-2007-7, January 2007 — Tax packages are in the mail.

Free Tax Help Available
FS-2007-6, January 2007 — Taxpayers who need free assistance from the IRS have several options available to them.

Taxpayers Have More Direct Deposit Options for Their 2006 Refunds
FS-2007-5, January 2007 — For the first time, taxpayers will be able to have their refunds split and directly deposited to up to three separate financial accounts.

Special Steps Needed for Paper 1040 Filers to Claim Late Tax Changes
FS-2007-4, January 2007 — Because of late tax legislation, taxpayers will have to follow special instructions when using the major tax forms while claiming certain deductions.

Recently Enacted Tax Law Extends State Sales Tax Deduction
FS-2007-3, January 2007 — Taxpayers who itemize on their tax return may choose to deduct state and local sales taxes instead of state and local income taxes this year and next.

Highlights of 2006 Tax Law Changes
FS-2007-2, January 2007 — Taxpayers will find new credits, incentives for saving and special rules for charitable donations this year.

One-Time Tax Refund Available to Long-Distance Telephone Customers
FS-2007-1, January 2007 — Individuals, businesses and tax-exempt organizations can request the refund as a credit on their 2006 tax return.

2005/2006 Tax News Links

RB Levant, P.A. Helps Taxpayers Keep Up With IRS Changes

New Jersey Taxation:
An overview of New Jersey's tax structure, this website includes links to valuable information on filing tax returns and a search engine to look for information for individual New Jersey cities.

2006 Tax law changes:
The official IRS website provides descriptions of changes in tax law, along with instructions and forms for filing returns properly. Read about important changes affecting 2005 individual tax returns, and plan ahead for 2006 changes.

North Jersey News:
Local news, guides, and links to resources in Northern New Jersey. Find items of interest to Bergen County all in one place.