taxes

Cross your fingers and hope you’re not caught by Alternative Minimum Tax (AMT) this year.

Posted January 13, 2008 - 09:17 by Paul Michael

Personal Finance

TAxes

If you don’t know what the AMT is, you may well be in for a shock this year. And if your household income is around $75,000 or more, gross, then AMT could very well take a big bite out of you. Read on…

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Can the government help in a recession?

Posted January 1, 2008 - 06:37 by Philip Brewer

Personal Finance

New York Federal Reserve Bank building

Recessions spread. A minor downturn in one business spreads to its suppliers and then to their suppliers. Workers are laid off (or simply fear that they will be) and buy less, spreading the downturn to other sectors of the economy. Since the 1940s, governments have tried to act to limit the damage caused by recessions, but not everyone agrees that government action can help.

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The Quiet Millionaire: Part 6 - Are You Paying Too Much Tax?

Posted December 28, 2007 - 17:06 by Julie Rains

Taxes

watching grass grow

The Quiet Millionaire author and Certified Financial Planner Brett Wilder states that “Most ‘normal’ people think that the subject of taxes is an absolute bore and would much rather spend their free time thinking about more interesting, stimulating, and happier aspects of life.” Thankfully, I would be considered normal by this measure. Thinking about avoiding taxes, the focus of Chapter 6, however, is mildly exciting. I've selected some ideas and insight that I found particularly useful.

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How To Choose A Financial Planner - Yes You!

Posted August 23, 2007 - 17:57 by Nora Dunn

Personal Finance

Financial Planner?

I don't care who you are. (Well, actually I do, otherwise I wouldn't be writing this).
What I mean, is I don't care about your background, education, financial prowess, or absolute lack thereof.
You need a Financial Planner!
Here are a few things to consider in your search for the perfect Financial Planner and why you even need one at all.

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Last Minute Tax-Filing? Extended Post Office Hours and More

Posted 2 years ago by Andrea Dickson

Filed Under: Taxes

Isn't it weird that there isn't a central list of post offices at, oh I don't know, say, USPS.com, that tells you which post office branches are going to be open late tonight for last-minute filers? Or is there a list and I simply couldn't find it (possible)?

Here's a partial list. Feel free to add your own in the comments section. These are remarkably difficult to find.

Continue reading "Last Minute Tax-Filing? Extended Post Office Hours and More"

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Top 10 Tax Urban Legends, Myths and Rumors.

Posted 2 years ago by Paul Michael

Filed Under: Taxes

rumor

Hey, it's tax time again. If you've already looked at my other post on weird tax deductions , you'll know I like looking at the lighter side of taxation. Let's face it, at this time of year, who doesn't?

So I thought it would be fun to pop along to the Snopes.com website and check out their top 10 tax legends (it's a tricky search, I had to weed out stories not directly related to the IRS). But, what are the big myths, rumors and complete BS stories surroungding this oh-so-special time of the year? Well, here are the results.

Continue reading "Top 10 Tax Urban Legends, Myths and Rumors."

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What are your chances of getting audited by the IRS? Your guess is probably wrong

Posted 2 years ago by Will Chen

Filed Under: Taxes

turbo tax war

According to this Kiplinger's tax tip video, only 1 in 150 personal tax returns get audited. Realistically speaking, your odds of getting audited are probably even lower than that. In fact, it's virtually zero.

Continue reading "What are your chances of getting audited by the IRS? Your guess is probably wrong"

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Ask the readers: What charities do you give to?

Posted 2 years ago by Troy Hadley

Filed Under: Extra Commentary

My last post on giving made me think a bit about... well, giving. My train of thought, fortunately, is easy to track.

I give a good deal of money to charity every year, enough so that the monetary amount actually affects my tax returns (in a good way). I was just thinking about all of the places that I give to, and since some people started posting other charities in the last blog post, I thought I'd just out and out ask: who do you give to?

Because I'm really dig critters, be they fuzzy or bald, small or huge, I give to the following organizations on a regular basis:

Continue reading "Ask the readers: What charities do you give to?"

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20 amazing, outrageous and just plain weird tax deductions

Posted April 8, 2007 - 11:05 by Paul Michael

Career and Income, Small Business Resource Center, Taxes

Well, it's that time again. The tax deadline is just around the corner. If you still haven't done your return, take a look at the top 20 funky, strange and outrageous deductions that folks have tried, and sometimes failed, to get away with.

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The State Sales Tax Holiday is coming...

Posted 2 years ago by Paul Michael

Filed Under: Deals and Coupons, Shopping

Tax

...if you're lucky enough to live in Tennessee. Yep, April 27th to Aprii 29th is State Sales Tax day for the fortunate folks of Tennessee, introduced as a way to help families save money on essential supplies for back-to-school shopping.

You can find out all of the details at www.tntaxholiday.com , a website dedicated to the special tax-free holiday.

Continue reading "The State Sales Tax Holiday is coming..."

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