IRS uses YouTube to get out the word about the rebate -- Why?!

The USA Todayreports that, for some reason that is totally beyond me, the IRS has decided that wasting $42 million to mail everyone letters saying they didn't need to do anything special to receive their "economic stiumlus" payment wasn't enough.

No, apparently we need to be subjected to YouTube videos as well -- 4 of them. I just watched 1 of them and, frankly I can't bear any more. This is the worst YouTube video I've ever seen: boring, containing no information, and condescending, all at the same time. See for yourself below: I wonder how much the IRS blew on these videos. So far the video has received only 6,129 views. Perhaps the IRS needs to spend another $42 million to send everyone letters telling them to watch the video to find out that they don't need to do anything except file a tax return to get the rebate.

Tax Tips for Real Estate Agents and Brokers

Most real estate agents and brokers receive income in the form of commissions from sales transactions. You're generally not considered an employee under federal tax guidelines, but rather a self-employed sole proprietor, even if you're an agent or broker working for a real estate brokerage firm. This self-employed status allows you to deduct many of the expenses you incur in your real estate sales or property management activities. Careful record keeping and knowing your eligible write-offs are key to getting all of the tax deductions you're entitled to.

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What is the Educator Expense Tax Deduction?

The Educator Expense Tax Deduction allows teachers and certain academic administrators to deduct a portion of the costs of technology, supplies, and certain training. Here’s what teachers need to know about taking the Educator Expense Deduction on their tax returns.

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Self-Employed Less Than a Year? How to Do Your Taxes

Have you been self-employed less than a year? If you’re just starting out, it’s possible you worked at a job earlier in the tax year before making the switch to self-employment, or you’re working multiple jobs. In this case, you may have more than once source of income you’ll need to report on your income tax return.

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Taxes for Grads: Do Scholarships Count as Taxable Income?

Heading off to college to broaden your horizons is exciting, but funding your education via scholarships? That's even better. Scholarships often provide a path to education that might not be feasible otherwise, which is why the Internal Revenue Service (IRS) can be generous in minimizing students' tax obligations. But sometimes scholarship money does count as income, and it’s better to find out now if your scholarship adds to your tax liability than to have a surprise later. Here’s how to decode your scholarship taxation.

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