Archive for IRS
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→
2009 End of Year Tax Strategies – Calculate Dollar Amount of Tax Moves
Posted by: | CommentsAh, November, when the American mind turns toward Thanksgiving, Christmas shopping, and strategies to avoid paying too much taxes for 2009. Yes, you should be doing tax planning year round to achieve the maximum savings on taxes, but reality isn’t always so kind. Still, there are some end of year tax moves that are smart and some that just aren’t worthwhile tax strategies when you add... Read more→
Using a Roth IRA As Your Emergency Fund
Posted by: | CommentsWith the economy in bad shape, and the number of layoffs rising, people are starting to ask difficult questions. Will Barack Obama’s upcoming presidency change anything? Can I still retire? What should I do with my investments? And, perhaps even more difficult, what do I do if I have to cash in some of my IRAs? Roth IRA Emergency Fund In years past, some financial journalists... Read more→
