There are a number of problems in working with companies that provide for-profit debt related services. I discuss some of them in a recent article [Should You Work with a Debt Settlement Company?]. After writing the article, I felt it was also important to update readers on a new important FTC rule impacting for-profit companies [...]
Are you thinking about ways to save money on your taxes this summer? Most people don’t think about taxes in the summer, but it’s actually a good time to start planning. Tax planning recently cross my mind when we donated a bunch of clothing and other items to our local Good Will. But there may be [...]
You may have heard the $8,000 and $6,500 homebuyer tax credit was extended to September 30th. Those with contracts signed by April 30th who couldn’t go to closing by the June 30th deadline will now have until September 30th to finalize their deal. Apparently, many people were about to miss the deadline because banks and setttlement [...]
Filing your tax return is one of those things that many people wish they could avoid, yet at the same time every year, tax day continues to roll around. Knowing this in advance gives you the opportunity to prepare your documents throughout the year to ensure you are not rushing around at the last minute [...]
Many people will file their personal income taxes this year and unfortunately, find out they owe the IRS. Some may even know well in advance they’re going to owe. So, what do you do if you owe the IRS money? Certainly, don’t panic. The important thing to do is to stay level headed. There are plenty [...]
Most people probably won’t think about it until tax preparation time, but the economy has had an impact on the people that prepare taxes too. Plus, there are more online or software solutions out there that let the basic return become a do-it-yourself job. What’s the result? Tax preparation fees have increased this year! In [...]
Perhaps you were convinced in my post earlier this week to adjust your tax withholding so that you can receive more money each month and avoid an income tax refund. Or, maybe you’ve been thinking about adjusting your withholding in the past few years and you’re not sure how, or just haven’t gotten around to [...]
Do you traditionally receive income tax refunds? There are many people who wait in great anticipation to find out how much there income tax refund is going to be each year. To them it is newly found money similar to receiving a bonus check. But in actuality, its earned money delayed in delivery. Is an [...]
The Health Care or Dependent Care Flexible Spending Arrangement (FSA) is commonly referred to as a “use it or lose it plan.” This means the amount of money in the plan must be used up by the end of the year or you forfeit the balance. Your employer is not able to pay you the [...]
Changes in November of this past year extended the $8000 tax credit to first time home buyers and added a $6500 tax credit for people who already own a home (repeat buyers). The extension also raised income limitations for homeowners claiming the credit. Obviously, the credit was getting a lot of attention when it was [...]
Monday, August 16, 2010
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