Written by Are you contented with the taxes you pay? Are you very confident that you are actually taking good advantage of every tax break you can get? But most of all, is your tax preparer providing you positive advice to save more on your taxes? The wicked news is that most likely you do pay excessive [...]
READ MORE »Radio Show update
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Apologies to all those who read Thursdays post and expected to hear me on the show…. There was an interesting development yesterday afternoon. The following is a copy of the e-mail I received announcing why I “wasn’t” on Friday evening: Subject: Don’t worry — the BIG afternoon show hosted by Kai Ryssdal choose your [...]
READ MORE »I am going to be on the radio….
Just wanted to let you all know that I am going to be a guest on Marketplace Money, a weekly personal finance program, “featuring expert advice and information on topics and issues affecting your wallet.” Marketplace Money brings the week’s economic headlines home by looking at matters of personal finance with wit and wisdom. The [...]
READ MORE »Residential Energy Tax Credits 2012
Any unused portions of this credit can be carried forward.
Not all energy-efficient improvements qualify so be sure you have the manufacturer’s tax credit certification statement, which can usually be found on the manufacturer’s website or with the product packaging.
Social Security Benefits, are they taxable?
How much, if any, of your Social Security benefits are taxable? It depends on your total income and marital status. Generally, if Social Security benefits are your only income, your benefits are not taxable and you probably do not need to file a federal income tax return. If you receive income from other sources in [...]
READ MORE »Deducting Charitable Contributions
Donations made to qualified organizations may help reduce the amount of tax you pay. Here are a few things to help ensure your contributions pay off on your tax return.
READ MORE »Checks and Cards: Plastic Has Not Replaced Paper
Written by When looking at the ever-so exciting world of non-cash payment options, you basically have two widespread options nowadays: paper and plastic. It’s pretty obvious that one of those is more popular than the other, but make no mistake; the paper check isn’t dead yet, not even close. That’s because there are certain situations that simply will not allow for credit card supplement. Here are a couple instances in which paper beats plastic.
READ MORE »Is that Gift Taxable?
If you gave money or property to someone as a gift, you may owe federal gift tax. Many gifts are not subject to the gift tax, but there are exceptions. Here are a few tips you can use to figure out whether your gift is taxable.
READ MORE »Grads – Filing for First the Time
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The subtle nuances of tax law have been nothing but confusing to the majority of taxpayers for years. It can be difficult to make sure you have applied for all the deductions and credits available while filing your taxes. The most definitive way to insure you have received all your possible deductions is to sit [...]
READ MORE »Business Insurance
Having the right kind of insurance is critical to your business, which is why multiple insurance policies should be in place before you even open your doors for business.
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