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Top 5 tax questions answered





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#Top 5 tax questions answered

H R Block public accountant John Lee explains how to file the 2013 1040-ES IRS Estimated Tax forms at his office in the Echo Park district of Los Angeles. (Photo: 2013 photo by Damian Dovarganes, AP)

Corrections and clarifications: A previous version of this story incorrectly referred to the significance of investment income on the Earned Income Tax Credit. Investment income does not count as earned income and if someone is eligible for the credit but has investment income above $3,350, they no longer qualify for the Earned Income Tax Credit.

Some issues come up every tax season, such as the details behind the earned income tax credit or which education credits to claim. Other issues come up so infrequently that they raise even more questions when people run into them, like whether a foreclosed home is counted as income because the debt was canceled.

With less than a month to go before the deadline to file your 2014 tax return, these are the top questions tax pros say they are still getting from filers, and their answers.



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