Tuesday Linkage

Wealthy Americans using inflated art appraisals to gain millions from excessive deductions.

A few things to consider when deciding weather to e-file or not.

Tax court rules against deductions for getting a Harvard MBA as an educational expense.

Reasons why everyone should file a tax return this year, even if you normally do not.

Medical expense deductions for embryo and cord blood storage.

Interest rates drop for the second quarter of 2008.

15 Tax Blogs Worth Reading

New September/October Tax Watch Now Available

Tax Foundation has released the newest version of their bimonthly tax policy newsletter, Tax Watch. The newsletter contains research and analysis on many current tax issues. Some of the featured articles include:

Paying for Public Schools: What's the Cost of Judicial Mandates?
U.S. Corporate Taxes Still Among World's Most Punitive
Fixing AMT without Raising Tax Rates
Study Finds Income Redistribution between Young, Middle-Age and Elderly

You can download the PDF of the newsletter for free by heading over to Tax Foundation.org, or if you are a member of the Tax Foundation you can request a hard copy version.

Expensive Tax Mistakes To Avoid

CNN.com has added a helpful article with advice on some expensive tax mistakes to avoid when preparing your tax returns this year. Some of their advice includes: avoid paying taxes with a credit card, avoiding refund anticipation loans, setting up an installment agreement, and paying on time. You can read the full article by clicking here.

Advice on Charitable Donations

‘Tis the season to give! For advice on making a charitable contribution check out this article on MarketWatch.com.

Effects of Election on Tax Laws

Now that the Democrats have won control over the House and Senate, you can expect changes in our tax laws. If you are interested in reading about some of the proposed changes you can read an interesting article in USA Today by clicking here.