Website Provides Taxpayers With Potential Federal Income Tax Deductions by Profession or by Occupation and Much More

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The website http://www.myustaxdeductions.com provides information on hundreds of potential federal income tax deductions that are available to individuals by Profession or Occupation , or by special circumstances such as by being a homeowner, employee, investor, student or an employee who regularly use his/her home to do work for his/her employer. The site also provides information on potential deductions available to small businesses including, sole proprietors, independent contractors and self employed. For each deduction listed, readers are provided with (1) the Schedule or Form to use to claim the deduction, (2) additional information, tips and/or discussion concerning the particular deduction (3) IRS tax publications you may consult and use and (4) the Actual Line on the tax schedule or Form to claim the deduction.

With millions of American taxpayers filing, or preparing to file their 2005 tax returns, now more than ever will they need to know what avenues are available to legally reduce their tax burdens and/or maximize their tax refunds. Unfortunately, while many of these taxpayers are making their tax filing plans, they neglect several of the legal tax deductions they may qualify to claim, or have qualified to claim. They also neglect several potential tax deductions that may be available to them based on their profession or occupation, or based on special circumstances unique to their situation.

The website http://www.myustaxdeductions.com takes the guesswork out of determining or exploring which expense items are tax deductible and which are not. Importantly, it provides a user with a listing of potential tax deductions that may be available to him/her by profession or occupation, or by special circumstances such as; being a homeowner, an employee, an investor, or a student. Both the Individual Taxpayer and Business Taxpayer will benefit from the information contained on this website.

According to the Marketing Manager, “the additional unique features of this site is the content format. Visitors to the website will have the opportunity to download a Short Version or Full Version of the tax deductions. For those who select the Full Version, they will receive for each potential federal income tax deductions, the following additional information (1) the Schedule or Form to use to claim the deduction, (2) additional information, tips, and/or discussion concerning the particular deduction (3) IRS tax publications that may be consulted and/or used, and (4) the Actual Line on the tax Schedule or Form to claim the deduction. Those who select the Short Version however, will only receive a listing of the deductions and some IRS publications to consult for additional information.

Visitors to http://www.myustaxdeductions.com will find the list of potential federal income tax deductions useful and timely since they provide taxpayers with a checklist of a sort, and a readily available list of potential tax deductions that they can readily present, and/or discuss with their tax preparer, tax accountant, tax adviser or financial adviser before filing their taxes.

In addition to information on hundreds of potential federal income tax deductions available to individual and business taxpayers, http://www.myustaxdeductions.com provides several downloadable freebies that taxpayers can consult such as, a list of Nondeductible Expenses, Tax Credits, Record Keeping Information, and information on How Taxpayers can get Free tax help from the IRS.

Tax Deductions by Profession is a commissioned work prepared for Frontline Publishers by Gladson I. Nwanna, Ph.D., Dr. Nwanna is the author of several other tax-related books including “Encyclopedia of Individual Tax Deductions,” “ A Simplified Guide to Small Business Tax Deductions,” “A Citizen’s Guide to Negotiating and Working Through Tax Problems with the IRS,” “The History of Federal Income Tax and Facts the IRS Wants You to Know – An Annotated Guide for Students and Adults,” and “A Citizen’s Guide to Frequently Asked Tax Questions and the Answers the IRS Wants You to Know.” Dr. Nwanna is a professor of Accounting & Finance and a former consultant to the World Bank. His books are available at myustaxdeductions.com, Amazon.com and through major bookstores nationwide.

Tax Deductions by Profession or by Occupation can be ordered and downloaded directly from our website http://www.myustaxdeductions.com

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Francese Mitchelle
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