10 Tax Questions & Answers

April 15 is just around the corner, so instead of panicking, read these best 10 tax questions and answers for 2010. You might just find the answer you were looking for, making you that much closer to being ready to file your return.

Can I deduct charitable contributions to Haiti on this year's tax return? Yes, you can, if the contributions were made after January 11 and before March of this year. (Because this tragedy happened right after the first of the year, this is probably going to be one of the most-asked of the best 10 tax questions and answers for 2010.)

What about the "cash for clunkers" deals that were going on for a while? Do I have to pay taxes on that money? No, you do not have to pay taxes on the money received for trading in a car for new one. Here again, because of the time factor, this may be another example of the best 10 tax questions and answers for 2010.So, what about that homebuyer's credit that everyone was talking about and some people actually took advantage of? A very important one of the best 10 tax questions and answers for 2010. Taxpayers who took advantage of the homebuyer's credit must file a paper return and attach IRS form 5405, along with legal paperwork showing the closing date on the home purchased. (This reply should be considered the short answer as there are other details. Look for more information by clicking on the second reference listed at the end of this article.

Who should I get to complete my income tax return? A certified tax preparer, a certified public accountant, (CPA) or anyone affiliated with the Volunteer Income Tax Assistance (VITA) program would be a good choice.What changes can be found in this year's income tax? There are too many to list in this article dealing with the best 10 tax questions and answers for 2010, but they include an increase on child credits and changes to earned income credit, among others.

I've heard about some tax scams being pulled. Would someone actually try to scam the IRS? Indirectly, yes, especially when representing him or herself to be employed by or acting in cooperation with the IRS. Most scams, though, are directed at individuals rather than the IRS itself, so be on your guard.

What are some of the most common errors I should watch for if I prepare my tax return myself?
Another best of the best 10 tax questions and answers for 2010. Check for errors in math, in your identifying information (name, address, etc.), and make sure your returns have been signed.OK, it's all filled out and ready to mail. Is there anything special I should do? Yes. Send your returns by certified mail-return receipt requested. It's a little more costly than regular postage, but you have the capability to have your returns tracked should the IRS say they never got them.

My tax preparer made a mistake when preparing my taxes. Who is responsible for paying the extra amount that I owe? According to the IRS, you are legally responsible for all the information that was put on the tax form. After all, that's what the preparer was using to complete the forms.

How can I contact the IRS for tax help? Visit the IRS website for a list of tax centers in each state that can provide you with help; or call 1-800-829-1040 for individual tax return help.