Posts tagged as:

Tax

I use a professional to prepare my tax returns each year, so there’s no point in me bothering to learn about taxes. In fact, that’s the entire reason I use an accountant.
I come across that line of reasoning all the time. And as a former tax accountant, let me say this: It’s a huge mistake–one [...]

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I know what you’re thinking. It’s not even Halloween yet so why in the world should we be thinking about the most dreaded day of the year, April 15th? The truth is, now is exactly the time when you should begin planning the preparation of your 2009 tax return. Here are a few tips to [...]

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Many people are scared of the IRS even if they did nothing wrong. If you want to avoid IRS audits, remember that taxes should always be on the back of your mind, not just during April. Furthermore, here are nine precautions you can take to avoid those dreadful meetings with Uncle Sam.

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Cash for Clunkers tax rules have been falsely rumored by many people on the Internet and I want to clear it up for anyone who already took advantage of this program. The truth is that the Cash for Clunkers income is not taxable. It doesn’t matter if you received $3,500 or $4,500 and [...]

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When tax time comes around, it’s often difficult to determine whether you should opt for the standard deduction or for an itemized deduction. What is a seemingly tiny distinction could actually be the difference between thousands of dollars in tax savings. It’s important to make a quick scan of your fiscal year to figure out [...]

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Being the largest government program in the world and eating up as much as 23 percent of the federal budget, the Social Security is a system that most Americans either love or hate. If you are receiving benefits and depend on the checks that come through regularly, you appreciate what this program does for [...]

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Once upon a time, I actually liked filing for income taxes. I was in high school up north (Canada) and mailing the yearly package meant without much income meant getting a nice check. That seemed like yesterday.
Nowadays, I scramble to get my taxes done every year – gathering all my receipts, 1099s, gains/loss [...]

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I’m happy to announce that there is now a better way to subscribe via the new email newsletter. This new service is more reliable and it will allow me to send you special reports and exclusive offers on top of the blog posts that you enjoy everyday (remember the frugal book I was telling [...]

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When I was in Canada where the sales tax was 15%, my dad taught me a simple way of calculating the ridiculously high government sales tax. Take 10% of everything you buy, add an additional half of the result and that’s the taxes you are paying. Now, add that on top of the [...]

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Even with our president promising to simply our tax code, today is the deadline to file our 2008 taxes. I just want to send a quick note to the last minute filers:
Hang in there! You can do it!
For those that are self-employed, also remember that the first tax estimates for 2009 are due [...]

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Tax season is upon us and if you are thinking about TaxACT Online for filing taxes, this review is for you.
The online version works a little different than other electronic options in that instead of installing software, you can do everything through your browser.
This has a few advantages over a software version because:

You can buy [...]

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My wife sent me an email from Bank of America highlighting 7 important tax changes for the benefit of those who still haven’t filed yet.
The good thing is that most of these changes are going to help you lower your taxes so read on!

Adjusting for Inflation

For 2008, the standard deductions is up to $10,900 for [...]

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The deadline for filing estimated tax payments passed a month ago, but one of my reader still doesn’t know if she made the correct payment yet. Why? The government.
Oh the government… When I made my estimated payment online through their system, it says that the submission went through just fine. As [...]

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Many travel to different countries around the year but few take advantage of the sales tax refund policies that some countries provide.  The most common reasons for not applying are:

never knew tax refund are possible for visitors
didn’t know how to get your tax refunds back
laziness

If you fall under any of the following, this article is [...]

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