Your business venture didn’t go exactly the way you planned. Although you tried everything you could think of, you’ve fallen short. Your income barely exceeded your expenses, and with April 15 just around the corner you realize there isn’t enough cash to pay your taxes. Not filing a return isn’t an option, because it’s a […]
There is nothing pleasant about filing taxes. Whether you are a believer in the current system of government assistance or not, sending in your tax forms each year is a requirement for those who have earned enough. That means that you want to save as much money in the preparation process as possible, without bending […]
More than 60% of baby boomers are actively helping a parent and half of them also have children under 25. These members of the “sandwich generation” – those supporting their parents and their own children – may be able to claim the up to $3,650 qualifying relative exemption for supporting their parents. For many members […]
Doing your own taxes seems to get harder every year. It seems like there’s little reason to try to struggle through the process when inexpensive tax preparation services pop up like mushrooms this time of year and there’s even free software available online. The Tax Code is Tough, Not Impossible I’ve done my own taxes […]
One of the scariest things in finances is the tax audit. We all like tax refunds, but no one wants to be audited. However, consumer tax guide publisher J.K. Lasser points out that more than 1 million taxpayers are audited each year. When you consider the tens of millions pay taxes, you realize that chances […]
One of the things that really gets people excited is the thought of a tax refund. According to CNN Money, the average tax refund last year was $3,003. That’s not a bad chunk of change. And when you get a big chunk of change, the possibilities seem limitless. Your tax refund seems like found money. […]
