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Tax Carnival #60: Merry Taxes 2009!

Once again December has caught me totally unprepared! Thank goodness there are few constants during the holidays, such as wonderful seasonal songs, an excuse to eat more than I should and, of course, our annual Merry Taxes Tax Carnival.

I know all y'all are as rushed as I am; that's why this 60th Tax Carnival was posted so late today.

So I won't take up any more of your valuable time with preliminaries. Let's get right to what our Tax Santas left under the tree.

Gifts under Christmas tree

A perfect gift, during the holidays or year-round, is info on how to lower your tax bill. Lots of our Santa's helpers have wrapped up some nice packages on this topic.

Wenchypoo presents MORE Timeless Moves You Can Make to Maximize Income and Minimize Taxes. It's posted at Wisdom From Wenchypoo's Mental Wastebasket.

PT presents Save Money on Health Care: A Quick Summary of Tax Advantaged Medical Savings Accounts, posted at PT Money.

JoeTaxpayer can usually be found at his own eponymous blog, but for this Tax Carnival he presents his guest post at Good Financial Cents guest post, What is Estate Planning?

Jim looks at How to Adjust Your Tax Withholding, posted at Bargaineering.

Santa1animated WiseBread also presents Check Your Withholdings, posted at Wisebread.

Ben presents Year End Tax Tips 2009, posted at Money Smart Life.

A couple of Carnivalistas have put some attractive ribbons on tax philosophies.

David Gross notes that some folks acknowledge the law requires citizens to pay income tax, but they believe there is a higher law that requires them not to be complicit with what the government does with their money. In these cases, they practice Conscientious tax resistance. Details are posted at The Picket Line.

U.S. Common Sense explains the decision to label Nigel Coleman: idiot. It's posted at U.S. Common Sense.

You can't have holidays without visitors. For our Merry Taxes Carnival, we've got lots of international holiday guests.

Tom @ Canadian Finance Blog presents Business-Use-Of-Home Expenses posted at The Canadian Finance Blog.

Santa by nast (2) David offers some Tax Return Tips for Landlords at UK Tax Blog.

"It is the season of giving. However, the Indian draftsmen appear to have not understood the ground realities of running a nonprofit organisation," notes Lubna. "The tax code, set to be introduced from April 2011 contains some draconian provisions." She provides details in Law Street - Economic Times (November 2009) posted at Talking Tax.

And Vic lets travelers know about VAT refund for Tourist Indonesia, posted at Medan Travel Tourism.

Congress came up with an early Christmas gift for some homeowners.

Reba Haas presents The extended home buyer tax credit is passed - read the new rules and how they may apply to you! The info is posted at Team Reba Real Estate.

Peter presents $8000 First Time Homebuyer Tax Credit Extension: Take Advantage Of Incentives Through June 30th, 2010, posted at Bible Money Matters.

For our business readers, Julia Kingston examines S Corporation Pitfalls – Part 1 at Gray Matters.

Santa face2 MLR says that unemployment insurance, essentially a tax on employers (and employees in some states, like PA!), is there so that we can land on our feet if we lose our job. In that case, MLR asks, Should Someone Receiving Government Aid Give to Charity? Read it at My Life ROI, Getting the Best Return On Life.

David Carlson looks at Investments and Tax Efficiency. It's posted at Dual Income No Kids.

Stacie is Babbling Incisively on About Fuller Lips, Larger Breasts, Slimmer Thighs and H.R.3590. Yep, it's one of the health care tax provisions and is posted at Stacie's More Tax Tips.

A lot of folks are focusing on retirement as the year draws to an end.

Mike Piper presents Tax Diversification: Roth IRA vs. Traditional IRA posted at The Oblivious Investor.

Jeff details the Rules on How to Qualify For Tax Deduction on Traditional IRA Contributions at Good Financial Cents.

Which is better, a traditional IRA or a Roth IRA? As with almost every tax question, the answer depends and Patrick @ Military Money breaks it down in Choosing Between a Roth IRA and a Traditional IRA. It's posted at Military Finance Network.

Santa laughing And since 2009 is almost over, we have a couple of forward-looking tax gifts.

Super Saver presents Opportunity to Pay Zero Federal Income Tax in 2010 posted at My Wealth Builder.

Sun tells us how to Prepare Now for Next Year’s Tax Bill, posted at The Sun's Financial Diary.

And with that, it looks as if we've exhausted our bag of tax gifts. I hope you find at least a few that fit your tax situation. Feel free to regift any that you know your friends and family also would enjoy.

Now we'll let Tax Santa head back to his tax break workshop so he can return with some stocking stuffers on Dec. 21. You can send your last-minute tax gift for that collection via our Blog Carnival form. To get in the holiday tax mood, check out our Tax Carnival archives, as well as the the submission guidelines.

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Lubna

Happy holidays, all.

Ben

Hi Kay, thanks for hosting the great tax roundup!

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