Bankruptcy and Insolvency:
If you receive a form 1099-C from a lender, you still may be able to avoid taxation on the forgiveness of a debt. If your debt was discharged in a Title 11 bankruptcy proceeding, such as Chapter 7 or Chapter 13 case, you’re not responsible for taxes on that debt
Paying the IRS:
When sending a check to the IRS, never write abbreviate IRS on the check. If the check falls into the wrong hands the IRS can be changed to MRS. Always make checks payable to U.S. Treasury Department.
Self-Employed Health Insurance:
Disability insurance is Not tax deductible. Also health insurance deduction is not an itemized deduction.
Donation Paper Work
Donations to charities such as Goodwill, Star of Hope, Red Cross, Icon Women, Deacon Conference and Purple Heart. Make sure to keep the forms for your tax preparer.
You must include on your return all items of income you receive in the form of money, property, and services unless the tax law states that you do not include them.