Archive for Taxes
Haiti Cash Donations Still Deductible Until March 1, 2010 (Today)
Posted by: | CommentsSometimes it seems cold and heartless to think about money and tax deductions. With hundreds of thousands dead and untold masses homeless, not to mention a country destroyed, this can seem like one of those times. On the other hand, when people choose to open their hearts and give money to help those in need, the U.S. Government thanks them in the form of the charitable tax deduction. Typically, donations... Read more→
How To Deduct Property Taxes
Posted by: | CommentsWhen it’s tax season, everyone’s thoughts turn to tax deductions. Financial advisors and accountants alike are flooded with calls from frantic clients looking to save money on taxes by finding new deductions or other 2009 tax tricks. The most common question by far is, “Is this Deductible?” Unfortunately, many tax deductions are either too small to have very much impact on how... Read more→
Business Tax ID Number – FEIN and EIN Explained
Posted by: | CommentsThere is an unfortunate amount of confusion surrounding the concept of the Federal Tax Identification Number. It is ironic, because the whole Tax ID, FEIN, and EIN thing is actually very simple, mostly because they are generally all the same thing. However, it isn’t surprising that this concept confused many personal finance students because when it comes to things like laws and taxes, tiny... Read more→
End Of Year Tax Tips – Save Money On Taxes By Donating Clothing and More
Posted by: | CommentsAs the end of the year races toward us, the opportunities to find and take advantage of tax deductions and loopholes to save money on income taxes are growing scarce. Fortunately, there are still plenty of tax saving strategies that you can implement even with just a few weeks to go until the end of the tax year. One of the most effective ways for typical households to lower their tax bill is by donating... Read more→
