Tax Tips

Which Tax Papers To Keep + Tips For Organizing 7 Years Of Support Documentation For Your Taxes

7-years-tax-records

Each year around tax time, I go through all of our personal receipts, bank statements, household utilities, and medical bills/receipts in an attempt to stay organized. By staying on top of this and doing it just once each year, it's easier to find the information we need when the time comes for filing taxes. Now it's a breeze to find the appropriate support documentation for our tax forms -- and for the accountant -- each year. I thought I'd share some of the time-saving tips I use to … [Read more...]

Homeowner Tax Credits For Using Energy-Efficient Products

Home ownership is more expensive than ever today. Plus, the cost of fossil fuels is climbing again and will likely continue until the time comes when there literally is no more to be had. Doing everything possible to reduce our use of energy in the home goes beyond our desire to keep U.S. dollars here at home. It's imperative that we do everything we can to support new technologies that are aimed at removing our reliance on oil and other resources that at some point in time will just … [Read more...]

Last-Minute Income Tax Tips For Individuals, Families & Small Businesses

While it may be too late for some year-end tax tips, there are still some things you can do to reduce what Uncle Sam will be looking to collect from your hard earned income this year. As you know, April 15th is the dreaded deadline to file your taxes. It shouldn't be a surprise; it comes the same time every year. Despite the knowledge that preparing my tax return is inevitable, I too am among those who procrastinate until the last week. I usually wait until just before penalties are … [Read more...]

Ponzi Scheme Warning Signs You Should Look For

No one who invests money expects to be caught in a Ponzi scheme.  After all, Ponzi schemes are illegal!Still, many investors are now finding themselves at a loss because they were duped by investments that appeared to be legitimate.  Here are some basic tips and warning signs, so you won't be taken advantage of or caught up in a Ponzi scheme...  … [Read more...]

3 Good Reasons To Make Charitable Contributions

Charitable contributions may be the last thing you have on your mind during tough times. But, the truth is, giving away money, time, and items is always a good idea. Here are the top 3 reasons to consider making charitable donations this year...  … [Read more...]

What Are John McCain’s Plans For The Economy?

I recently discussed at length what Barack Obama plans to do and what he has already done for the economy. Now, let's cover presidential nominee John McCain’s plans for the economy.   The Future John McCain has an economic plan that will create millions of American jobs, ensure our nation's energy security, get the government's budget and spending practices in order, and bring relief to American consumers. He plans to appoint a commission to examine modernizing labor laws, … [Read more...]

What Are Barack Obama’s Plans For The Economy?

John McCain says Barack Obama will raise taxes for everyone. Obama says McCain will give the rich tax cuts while cutting needed services. McCain accuses Obama of giving government hand-outs.  Obama accuses McCain of not being in touch. In favor of Obama In favor of McCain Aside from the accusations, where do the presidential nominees stand on the economy?  Following is a summary of Barack Obama’s plans for the future, as well as his past actions to improve the … [Read more...]

Get Ready For Next Year’s Taxes… NOW!

Now that Tax Season is over and you have (hopefully) completed your tax returns and put them behind you, here are some things you can do to make the next tax season even easier. The following tips will help you get organized and stay organized so you'll know where everything is when it comes time to prepare for your taxes.  … [Read more...]

Watch Out… They Are Out To Get Your Tax Rebate Check!

An email in my inbox this morning started with “How will YOU stimulate the economy?” The person then stated that she is going to use her tax rebate check to take a summer vacation.  Then the sender proceeded to try to sell me a vacation package.  I am tempted to unsubscribe to my home business email lists until after the stimulus checks have come and gone.  I get an email or two like this daily. … [Read more...]

Is The Bad Economy Making You Stingy?

According to numerous reports, charities are hurting because people are not giving right now.  Church offerings have decreased.  People are holding on to their old clothes longer and not giving them away for charities to sell.   People aren’t giving away old cars, appliances, and furniture. Who can blame them?  … [Read more...]