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Around sxand see what you spend money on and get you on tax evasion. >> 3$300 billion would be $1.3 trillion. those were the numbers the president was using yesterday to bring down the deficit. that's a serious number. >> it's a serious number. it's not as easy if you're a w-2 wage earner. approxima if you're doing that and making big, big bucks off the market, approximate if you're a contractor or waitress, those are red flags. >> they're playing our song. "the american tax cheat" premieres tonight at 9:00. be sure to watch it. [ sneezes ] allergies?

There are hundreds of i.r.s. tax forms to choose from, but don't worry, most people only use about a dozen of them. a basic rule to follow when deciding which federal 1040 to use is, keep it simple. if you have just wage income to report, you might consider using the 1040ez. that short form only allows you to make standard deductions. many people file the short form when they actually have enough deductions and would be better off using a long form. so be aware of everything you can write off and don't forget those commonly overlooked state and local income taxes on your w-2. now, if you itemi...

April 18th. right around the corner. millions of americans are gathering up receipts and w-2 forms to file taxes, but general electric and vast army of accountants has a federal tax bill that may be surprising. the company that touts we bring good things to light had been very good about shielding its profits from u.s. tax collectors. ge had profits of $14.2 billion in 2010. $5 billion of that made in the united states. but the company's expected u.s. tax bill, a grand total of zero dollars. that's right. zero dollars is what ge owes to the irs. they're also claiming a $3.2 billion tax benefit...

Probably going to get it much easier. some of the apps, one called snap tax, which you can use on your android or iphone. >> you can actually file -- >> here's how it works. it actually use your camera in your smart phone to take pictures of your w-2. it doesn't work in every case. it's meant more for sort of simplified returns. people of a certain income level. but it is kind of cool. and relatively easy. again, i would say on a scale of one to ten we're talking about a three, really. you can probably power through this. >> even i could do it, then. obviously there are glitches. i was laughin...

Software up and running because congressmen passed the tax rule changes fill till the end of the year. you have congress passing laws late and irs running late. you got the software preparers and professional preparers running late and people want the refunds. they are trying to jam all this stuff down. perfect opportunity for scammers >> heather: what are the ways they steal private information? >> what is really on the tax return. if you look at the information, you really are looking, to steal someone's identity. i think like w-2, name and school official number but name of your employer. t...