I am looking to get the largest return possible on my tax return. Any good lies, work for me thanks!
2007-02-01 03:28:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Canada
I highly recommend honesty. If you contribute to a retirement fund you may be able to receive a "savers credit," If you have children and they live with you, depending on your income, you can apply for the earned income credit, child tax credit and additional child tax credit. If you own a house and have a mortgage the interest and real estate taxes paid are also deductible if you itemize on the Schedule A.
Additionally there are many other legitimate means of reducing your federal income taxes. If you knowingly provide false information you run the risk of an IRS audit and if they suspect fraud you will be in significant difficulty!
2007-02-01 03:38:46 · answer #1 · answered by Othniel 6 · 0⤊ 0⤋
Was it Andy! You are from Canada? You want the biggest
refund of your money possible! Asking about the best IRS lies?
I'm LOL!How do you expect your Government to provide all those benefits to you without you paying your fair share?You can thank the Republicans for cutting the tax rates, giving you more of your own money back! And you can thank, the other party, for trying to find ways of taxing you more! I agree that our Government spends too much. BUT, defending us from Terrorists is not one of them, in my opinion! Look at the PORK projects that your servants in Washington are dreaming up to buy votes, (and campaign money) from their special interest groups back home! Boston's "Big Dig", the bridge in Alaska to nowhere, and on and on! You don't want to help pay for all that PORK?
Please, be honest, when you "render unto Caesar, what is Caesars" as it isn't fair for the rest of us to pay for your
benefits of Government! If you don't, that other party is just going to raise the Fed tax rates on the rest of us! Good Luck...
By the way, best tip, check the math, there are more errors made in the math, than any other, WHY? That is one of those government provided benefits, the people's education, including math, that your taxes pay for!
2007-02-01 04:00:02 · answer #2 · answered by Edward C 2 · 0⤊ 0⤋
Get your taxes done by a professional. Especially if you own a house .. and make more than 40k per year . And I'm not referring to H&R Block or Jackson Hewatt ... Stay away from these guys as you can get Turbo tax and do what they do for $40 instead of $200 + of what they charge .
2007-02-01 03:34:31 · answer #3 · answered by Bobbo 3 · 0⤊ 0⤋