Last week, I appeared on a special episode of CNBC's On the Money personal finance show, which was dedicated to frauds and scams. I was warning consumers about staying out of trouble with the IRS. Most notably, consumers need to avoid the scammers who advertise "pay pennies on the dollar to the IRS."
While it is possible to negotiate settlements with the IRS, most of the companies advertising these services do not provide value to taxpayers. Learn more in this video:
Anyone whose field of vision falls at or below 20 degrees, who wears corrective glasses but whose vision is 20/200 or less in his best eye, or who has no eyesight at all, meets the legal definition of being blind and is eligible for certain tax deductions.
Itemized tax deductions can help save you even more money during tax season if your deductions exceed the standard amount. Learn about itemizing your tax deductions with help from TurboTax in this video on annual tax filing.
There are a number of eligibility requirements you must satisfy before potentially receiving a child or dependent care credit, so it's a good idea to familiarize yourself with the rules before preparing Form 2441.