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Every year on the night of April 14th, post offices across the U.S. are swamped by a tsunami of last-minute tax filers. The complexity of our tax system, the amount of money some people must come up with to pay off their tax debts, and good old human procrastination are all to blame.

All is not lost, however. In this series, WalletPop comes to the rescue of those looking down the barrel of a 1040, with a eleven suggestions from our tax expert Tracy Coenen and one from me on how to deal with last-minute preparation and establish the framework to avoid a repeat in 2009.





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TurboTax Articles

What is a 1098-E: Student Loan Interest

If you're currently paying off a student loan, you may get Form 1098-E in the mail from each of your lenders. Your lenders have to report how much interest you pay annually. Student loan interest can be deductible on federal tax returns, but receiving a 1098-E doesn't always mean you're eligible to take the deduction.

What is Schedule F: Profit or Loss from Farming

If you earn a living as a self-employed farmer, you may need to include a Schedule F attachment with your tax return to report your profit or loss for the year. The Internal Revenue Service defines ?farmer? in a very broad sense?whether you grow crops, raise livestock, breed fish or operate a ranch.

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