Released on: March 2, 2008, 10:11 am

Press Release Author: Roni Lynn Deutch, A Professional Tax Corporation

Industry: Financial

Press Release Summary: Famed `Tax Lady,' Educates Taxpayers on 5 Tax Changes for the
2007 Tax Year

Press Release Body: Sacramento, CA - Now that the mad rush to file taxes for the
2007 tax year is heating up, the nation's leading expert on IRS tax debt elimination
offers important tax information and tips to help taxpayers fully prepare for tax
season.

Roni Deutch, aka the "Tax Lady" from her popular national TV commercials, has
operated the largest Tax Resolution Law Firm in the United States for the past 16
years. Deutch believes in providing taxpayers ongoing up-to-date information, and
because the United States tax code is constantly being changed and updated by
Congress, it's essential to stay informed on recent tax changes and how they might
affect your next income tax return.

Deutch provides information on the following tax changes in effect for the 2007 tax
year:

Foreclosure Relief - Over the past year the federal government finally did something
to help the thousands of families getting hit with huge tax bills after loosing
their house due to foreclosure. According to recent law changes, debt forgiven by a
foreclosure, short sale, or loan restructure will no longer be treated as income.
The IRS will now allow for up to $2 million of forgiven debt to be excluded from a
person's income. However, it is important to note that this law change only applies
to homes used as a principal residence. Vacation homes and property investments are
not protected.

AMT Exemptions - In 2007 congress increased the AMT exemptions to prevent millions
of middle income taxpayers from being hit with the tax. The new exemptions are
$44,350 for single taxpayers and heads of households, $33,125 for married filing
separately, and $66,250 for married filing jointly. However, this exemption is only
for the 2007 tax year and these numbers will drop in 2008 unless congress passes
another AMT patch.

Higher Income IRA Limits - You can now take a full IRA deduction if your modified
AGI (adjusted gross income) is less than $52,000, if you are single or the head of
household, or $83,000 if you are married filing jointly.

Higher 401(k) Limits - In 2007 there was a $500 increase on the limit for employee
401(k) contributions. The limit is now $15,500 for workers under 50, and $20,500 for
workers over fifty. The increase also applies to other similar workplace retirement
plans including 403(b)s and the federal Thrift Savings Plan.

Income from Abroad - The maximum foreign income exclusion was raised from $82,400 in
2006 to $85,700 for the 2007 tax year.

Roni Deutch has built her reputation as one of the most successful tax lawyers
through hard work and dedication to the needs of taxpayers. Her competitive spirit
and insatiable work ethic has made her a household name with one out of three
American adults knowing the name Roni Deutch. Through her years of practice, she saw
that many of her clients\' tax problems were caused by sloppy and unprofessional tax
return preparation. Roni decided it was time to put her experience to work for
taxpayers across the country. The Roni Deutch Tax Center is now filling the need for
competent tax return preparation. An affordable franchise opportunity, a Roni Deutch
Tax Center franchisee can expect to pay somewhere between $59,000 and $93,000 to
open a tax center with the average investment being about $65,000 for one location.
Additionally, Roni Deutch Tax Center has recently launched its Area Developer
program, in which entrepreneurs can own, operate and develop 50 Roni Deutch Tax
Center locations in their local market. For more information, visit www.rdtc.com, or
call 866-RDTC-BUY [(866)-738-2289.]



Web Site: http://www.ronideutch.com

Contact Details: 877-232-8477 Ext. 1914
http://www.ronideutch.com
4815 Watt Ave.
North Highlands, CA 95660