Uncle Sam has bills to pay, which is why, with Tax Day just around the corner, millions of Americans are carefully sifting through their accounts in order to see what they can deduct as a legitimate expense at the last minute. Of course, most ...
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My 13-Year-Old Daughter Shares Her Financial Fears
I'm only 13 and I'm worrying about my future. Not in an academic kind of way, but in a financial one. Yes, kids have financial fears too! That's because there are certain things that terrify me about growing up and living on my own. Here is a list of ...
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Tips for Maximizing Your Investment Returns
If you're looking for tips on maximizing your investment returns, it's important to understand that being a savvy investor these days is not nearly enough. You also have to be sure you're investing in the most tax-efficient manner possible.
A recent ...
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Top and Bottom US Federal Income Tax Rates Since 1913
And you thought tax rates on regular income were outrageous today. Consider how high the top and bottom income tax rates for both were 80 years ago. Yikes!
In 1944 and 1945, taxpayers handed over 94% of their hard-earned income to the federal ...
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9 Affordable Trips You Can Pay for with Your Tax Refund
Many Americans are up in arms about reduced tax refunds this year -- hopefully, you're not on the short end of that stick -- but all is not lost. You can still get away on budgets with affordable trips that range from small to a little more generous. ...
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5 Simple Reasons Why You Always Owe Taxes (and How to Change It)
Nobody loves a surprise tax bill. Even worse is owing the IRS every year, despite making changes to your withholdings.
If that sounds familiar, you'll be interested to know about the five most common reasons you always owe taxes -- and the steps you ...
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Comparing the Flat Tax, Fair Tax, and Progressive Tax Systems
If you dread filing your taxes every year, it's good to know there are multiple taxation systems besides the current progressive one here in the United States. So if you've heard the terms "flat tax" or "Fair Tax" then you may be wondering what they ...
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What is the ‘Pink Tax’?
Ladies: Watch out for the Pink Tax. What is the pink tax? You probably won't see any news about it in the papers, as it's nothing Congress has passed or proposed. If you're a woman, though, chances are you've experienced it or maybe even noticed it ...
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Wondering How to Teach Your Kids About Taxes? Consider the ‘Parent Tax’
Paying taxes is something your kids will have to deal with as adults. So why wait to teach your kids about taxation and earning money until after they get their first job?
You shouldn't. Teach your kids by charging them the "Parent Tax."
The Parent ...
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What Is an IRS Offer in Compromise?
Are you facing a mountain of unpaid tax debts? If so, you might consider working with a tax attorney to apply for an offer in compromise (OIC) with the IRS.
This tax settlement option allows debt holders and the IRS to agree on a manageable ...
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Lessons In Tax Law: Why You Should Never Try To Bribe The IRS
It's no secret that Americans hate taxes. In fact, pretty much all people from all places would prefer not to pay their taxes. There are even stories from the bible about how much Jesus' peers hated tax collectors. Since the creation of the IRS, ...
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Opening a Tax Prep Office: 5 Steps to Success
It's no secret that filing taxes is a chore for everyone, from individuals to corporations. These are the folks that tell themselves they don't need help with the accounting but end up having trouble with the figures and paperwork. When tax season ...
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100 Words On: A Surefire Way to Beat the Lottery
I realize I've made this point before but, come on, talk about a sucker's bet: The odds are before you ever strike it rich playing the lottery you'll most likely be struck by lightning. Twice. Now consider this: Over a ten year period, somebody who ...
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How to Avoid Being Audited by the IRS
A hospital groundskeeper came across two medical doctors in white coats searching through one of the clinic's flower beds.
"Excuse me, gentlemen," said the gardener. "Have you lost something?"
"Not at all," replied one of the doctors. "In a few ...
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The Overtaxed Investor: How to Slash Your Tax Bill & Be a Tax Alpha Dog
Who understands the entire tax code? No one.
Finding your tax rate is like shooting a ball into a pin ball machine. You watch it getting slingshot around the board, lighting lights, buzzing buzzers, ringing bells and spinning spinners, falling into ...
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Lottery Fraud: Don’t Get Caught Paying ‘The Stupid Tax’
There's an old joke that goes something like this:
In order to raise additional revenue, the government is introducing a National Lottery with a daily grand prize of $50 million. Winners will get $1 annually for 50 million years.
Heh. I smile ...
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Falling for This Tax Scam Will Have You Singing an Unhappy (i)Tune
Tax season is upon us -- and scammers know it. While we'd all like to think we could outwit someone who tries to defraud us, the truth is that these criminals prey on some of our biggest fears and often see substantial results. In fact, the US ...
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Financial Records: Which Ones to Keep and for How Long?
Despite the fact that almost every business and service offers paperless options, you can still wind up with a load of paperwork. It's not uncommon for the average household to receive between 30 and 50 pages worth of paperwork in physical or ...
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The Biggest Reason Why It May Be Smarter to Rent Than ‘Own’ a Home
We're constantly told ours is an ownership society in which owning a home is the foundation of household wealth. However, if we understand property taxes as a "lease from the local government for the right to gamble on another housing bubble ...
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6 Reasons to Use a Tax Attorney Service
Filing your taxes or dealing with unexpected tax outcomes can be a complicated process. Thankfully, there are systems in place that can assist you when you run into tax difficulties; one such system is a tax attorney service.
Tax attorneys assist ...
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